NO chance of it reaching 50. Its a misadventure for the stock to hover in the 40s territory and possibly this is due to manipulation in the stock for forthcoming QIP issue. At 36+ PE ratio, this stock is highly overvalued. Almost twice its peers. With bad monsoons and plant related operations issues including labour trouble, this stock is not worth more than 25.. that too factoring in recovery of economy and sustenance of business due to JNURM order.
| NIFTY 
