economictimes.indiatimes.com/markets/expert-view/we-are-looking-at-acquisition-sumit-malhotra-bajaj-corp/articleshow/65485549.cms an article from 21st aug, margins are going to see pressure as the lag to see the crude really hurting such a company is finally over… although, the q2 is supposed to be good in vol and value terms, and the demand tragectory form the target market-rural india , is ontrack of revival and finally sense of acquisition with total cost of acquisition arounf 700-800cr, with 1to 1 cash debt ratio of funding…
previous ideas- this is actually at the lps formation of a 3 year wyckoff reaccumularion as mentioned in this idea
the absorption idea..
disclaimer... not an investing/trading reommendation