I believe that this stock has moved up sharply in too small period i.e. after mumbai terror attacks. As per my belief that mid cap and small cap will remain out of favour for next 1 to 2 yrs. I recommend to sell it on all rally. Stock has almost doubled from Rs. 50 to Rs. 100 without any significant change in fundamental. My price target in Rs. 50.
This ztock most often remain on circuit limit price i.e. either on upper circuit or on lower circuit. I believe that one should sell their holding in it becuase if the market condition worsens then its investor will not get opportunity to exit.
This company should immediately come out with a letter like Raju did. Knowing from close quarters the company`s balance sheet is nothing but made up figures.
| NIFTY 
