Thanks,
1. Jai Balaji industries ltd is an iron and steel copany of 10 rupee face value.
2. Book value of Jai Balaji industries ltd is 153.70 and stock traded at 163 so i think this is not a value buying.
3. 52 week high of Jai Balaji industries ltd is 332.95 at 27 Oct 2010 and year low 161.25 at today so i think stock is very weak technically.
4. Promoter holding 51.15% and FII holding 13.26% so i think these are normal.
5. As you knew my thinking that when a stock correct more then 50 % from year high within a year than my view is negative for this stock so my view is negative for jai balaji industries ltd,
6. I have no any stock of jai balaji industries ltd.
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