Now most of the JKHW23 holders are greedy retailers they have no financial strength to converse the JKHW23 but their previous gain in JKHW23 from Rs.1.50 to high level never allows them to exit from JKHW23 still they are buying at high price by thinking JKHW23 price will increase further
JKH.N000 may pass the JKHW23 exercise price level Rs.149.52 and after all this time too JKH may offer Rs.4.50 dividend to up hold the JKH price after the conversion but how long this will be sustained is a question?
Last time most of them conversed the JKHW22 at Rs.161.87 but JKH came down to Rs.135/- and now at Rs.142/- pushing towards its exercise price level Rs.149.29 is very easy tasks.
But subsequence additional quantity of 57,464,155 conversed JKHW23 in the market will bring down the JKH price level similar way the conversed JKHW22 did from Rs.161.29 to Rs.135/- but in the case of JKHW23, it will be more impacted than JKHW22.
If anyone willing to converse the JKHW23 they can’t get back their capital for long time and bear the associated capital cost or lose the interest of the capital tied up in the conversed JKHW23,but some so called experts in this forum predicting that JKH will reach Rs.175/- and JKHW23 will reach at least Rs.15/- accordingly.
If any retailers think that JKHW23 price will increase further when JKHW23 passes its exercise price level is a novel dream.