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Why I am selling my PSA

July 6, 2021 Comments Off on Why I am selling my PSA By admin

The stock market is now trading at its lowest level since 2007, after the PSA board decided to remove the company’s CEO, and the stock has been down more than 50% in less than a year.

What has happened?

The company said in a statement that Mr. Pravin Narang had taken a leave of absence and it is expected he will return in January.

The stock is down more by 50% since March 2017, when the company announced it would sell its assets.

The PSA’s chief executive, Shilpa Vaidya, is currently on a short leave of abode at a different company, and his absence from the company has raised questions about the company.

Mr. Narang, who had been with the company for five years, was the last chief executive of the company to be replaced by a chief executive.

The PSA has also been struggling to cope with the sudden drop in demand for its products.

Analysts say that the company did not do a good enough job of maintaining its profit margin and, despite the stock’s slide, the stock price has recovered slightly.

The company’s chief financial officer, Amit Srivastava, was hired by the company last year and is considered a rising star in the Indian business community.

He is credited with helping it regain its footing after a decade of recession.

Mr. Srivartava, who has been with PSA for seven years, said he had been on a two-year leave of absences.

“I will come back as soon as I am cleared from the leave of the office,” he said.

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