Piramal Glass ---
We were caught dead wrong about how we had anticipated Piramal Glass would pay out. A couple of days after the delisting offer was made, we decided that if the scrip continued to trade below INR 80, we would buy a stake in it.
On Monday morning, it was trading at about INR 92. We thought the price was too high and sucked some more wind. Tuesday morning, it was INR 110 and has been hovering around the INR 103 mark.
At Beowulf, we had been sucking our thumbs since the early 70's without any decision and it costs us quite a few bucks....
Well, can't win them all.
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