Having said that, I don't think the situation in India is having a big impact on the sp here. I reckon its a combination of pi's profit taking/ some now panick selling. Dev have more to prove to send this sp to the next level
The reporting of covid cases and deaths has clearly been manipulated by the Indian government. We won't know the true numbers. The Indian govt has even started censoring on twitter! (Just like RJ who blocks anyone who asks genuine questions)
Only last week it was at 46p, bid currently at 36.5. No news has dropped in that time that could have effected the sp, it was clearly pumping going on.
Let it flow naturally, it will come good, eventually.
No doubt this company has loads of potential but the pump needs to come via official channels i.e RNS's, interviews etc. The new chairman confirmation is priced in imo.
I'm not so sure announcement will give another boost. Him becoming chairman is a given and I feel already priced in. The announcement will have to come with 'extras'