Well with the crude being low the company should continue to fine. In this overheated market, the valuation were comforting and hence decided to stick to it. I have been investing in this company since 226 level. However since the sales were stagnant, I had limited my investment in it to 2% of my portfolio then, which now stands at 1% since I increased my investment in other stocks.
Not sure of the real reason behind the rally except that its a valuation catch-up, coupled with all Jindal stocks rising and nevertheless market momentum driven. Also it has always been a bonus candidate.