As the initiator of this thread, I have a slightly different view on this.
Why do u feel the stock is down ? Its been 11 months since I started this thread and the price is up 30% since then. Lets compare this with how its peers have performed
Majesco : -27%
Intellect : - 45%
Infy : -8%
Nifty : +14%
The interim price price was an aberration as people who knew little about the story climbed the bandwagon thinking that they will palm it off to someone else 5% higher. As is often the case, such exuberance is followed by an extremely excruciating grind down and a final capitulation, the final phase which I think we are witnessing right now.
If anything, the company by dint of efforts and deal gains is on a better footing as compared to 1 year back.
Yes, BSNL postponement is a setback but that's part and parcel of any business.
So, the real villain in the piece is those investors who loaded a small-cap without adequate knowledge and then sold it off like it was a fly-by-night company from Hyderabad.
The sudden realization that it is a Hyderabad co, promoter stake is low, etc...is invalid as these cards were on the table before you decided to enter the stock.
Disclosure : Continue to hold and increase my shareholding every quarter.