The rally what DEEP had shown was quite impressive except the Quarterly results. Will it fall to 60-65 level? The upward movement of Sensex/ Nifty seems not to impress it. What are the chances of its revival? Krrisf
You may get a chance to buy it around 80/- right now it is over valued. exitttt if you can. It has moved from 30 to 130 within six months. The movement was so rapid that it didnt take a breather. it may come back to 70. Nothing extra-ordinary has happened since it was 30. So why has it gone to 130?? Punters are moving around.
Deep is likely to make a QIP placement and it won`t be less than Rs 200 per share. It shall need capital at regular intervals in next 3-5 years, therefore it won`t fall down so easily. The promoters have made a placement at effective price of Rs 78 recently. Better hold it for one year.
| NIFTY 
