Why Dmart - Avenue Supermarts Share price is falling ?

Avenue Supermarts, also known as D-mart,

A Technically & Fundamentally Strong Stocks

Every Investor want to keep this stocks in their portfolio,

but why it is suddenly started falling…

Reason behind Fall:

• Promoter Radhakishan Damani to sell up to 1% stake in Avenue Supermarts to meet Minimum Public Shareholding norm
• Minimum Public Shareholding norms: Under Sebi norms, every listed firm will need to maintain a public shareholding of at least 25 per cent. Listed public sector companies have been provided additional time till August 21, 2018 to comply with the requirements.
• The sale of 1% stake means 62,40,844 shares may fetch around ₹888 crore for Damani.
• Share sale between May 21-Jun 14, or the actual date of completion of sale of all equity shares, whichever is earlier.