Ispat industries

What is the buzz on Ispat industries. Why are we seeing such high volumes in the stock? Any news on the same ? It has reached its 52 week high, but I dont see any reason why it climbed and why again it is going down... any one knows ?

ISPAT has made a loss during the last 2 quarters and they have rising debt...may not be the right time to enter

In that case any idea why so high volumes and sharp rise in price in past week ?

yo dude,
The price may rise due to speculation...people are gambling that the company might do well in the near future. But if u are a value investor, u look for solid fundamentals. U dont wanna jump into a pool to find it empty

regards,
Bourne

Thank you Jason for you inputs