There was a ruffle in the Counter 0n 1st Oct. Otherwise it is fundamentally very strong stock with BVPS @ Rs 12.5,ROE @ >14%, RONW @ 14%. The owners have also increased their stake,as per book, by > 300% in 2 years.Only concern is its downward movement and present Bollinger position. At this price it has actually come down by arnd 40% since beginning of 2010 and a yoy return is -ve.
It is not clear why this counter such under performer. Any idea, anybody?
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