The company has been pressure and has lost over 85% value in the last one year due to a slowdown in infra orders. You have bought the stock at a relatively high price as the stock is not quoting at Rs.22 levels. However, I do not see too much of downside risks in the stock and it has some marquee investors in it. You can look to hold on for a bounce. You should get a profitable exit on the counter.
The company has been pressure and has lost over 85% value in the last one year due to a slowdown in infra orders. You have bought the stock at a relatively high price as the stock is not quoting at Rs.22 levels. However, I do not see too much of downside risks in the stock and it has some marquee investors in it. You can look to hold on for a bounce. You should get a profitable exit on the counter.