Hi,
can some one say what's gonna happen to this stock? i entered at 292 few months back and now its around 150, how long it will take for it bounce back?
There are better plays than the Sugar industry, I beleive that this stock may see further correction. Just Wait and watch and proceed with caution. If you have to buy this stock , then buy in small quantities.
I am attaching a chart of Bajaj Hindustan. It offers a lot in understanding a down trend. Although a bitter experience for the holders of this stock, but just proves the importance of stop losses.