SHIRPUR GOLD REFINERY LTD :NAGATIVE

Sir,
While surfing, I found your names as an investor in share market & giving your opinion on the stock.
I am Raju M. Patil working in ROLTA.
I am also small investor. Requesting you to please give your expert view on "Shirpur Gold. (512289)". I have already taken 1000 @ 20 So shall I invest more in this stock at present condition Or Wair or Exit.....? Please give your valuable advice......Waiting your reply. Thanks


Raju


1. SHIRPUR GOLD REFINERY LTD is a 10 rupee face value share.
2. Book value of SHIRPUR GOLD REFINERY LTD is 84.86 so market price 113 is higher than it book value.
3. 52 week high of SHIRPUR GOLD REFINERY LTD is 238 and 52 week low is 85 so I think stock see more then 50 % correction from year high and normally this is not a good sign.
4. SHIRPUR GOLD REFINERY LTD has no profits so I think it is not good to give such high valuation for a loss making company.
5. Promoter holding in SHIRPUR GOLD REFINERY LTD is 72.71 % is good.
6. In 27.07.2010 C S ORBIT INVESTMENTS LTD sell 80238 shares of SHIRPUR GOLD REFINERY LTD @ 220.77 I think after this bulk sell steam of this stock is lost and stock may be enter in long sideways move.
7. I have no any share of SHIRPUR GOLD REFINERY LTD.