I had bought this share @ Rs. 382/- in Nov `07 and could not get out when its price crashed. The result for Mar 31, 2009 is also a shocker. Can anybody give an idea whther to stay put in this stock or get out. If I have to get out at what price, period next six months...
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If you have more money, you can average and bring your cost price to 150, then you can exit within a year.
If you can hold you will have to wait 3-5 years to get your cost price.
its PE is 35... way more than industry average of 21... the only saving grace is it has good reserves... hence book value is 150+... but I do not dream that it would go up any time soon... better to exit after averaging... and move to stock like punj loyd or dlf...
| NIFTY 
