0Well a very dead stock keeps revolving in a price range of 20 to 27, As per the technical Analysis if i suggest, you can wait for 23 level back again to enter for long and any good move is expected only above breakout of 32 level till then it’s seems rangebound only.
Now let’s talk about fundamental Analysis Promoters are holding around 70% of the stake it can be for two reason either Pomoters are bound to keep it and no other Institutions are coming ahead to get the holding or there might be something fishy around or something big is cooking inside, well from a persoanl point of view i will go for this share only above 32 level with a strict sl of 27 and can expect 100 as a target in medium term time frame But as of now avoid, you can get better stocks than this.
