Very low OPM (3.x % last quarter) for this cyclical company dealing in commodity space. The reply to exchanges on recent price action was very lack lustre. The company looks cleared the stock at very low margin last quarter indicating no pricing power. Promoter not yet bought from market even when it went to rs 12-14 probably means things not yet turned around for them.
Disc: Highest loss in my PF, I may selloff to buy quality companies if overall market corrects. I do not think will not go below rs 10/- (another 50% from cmp.).