Granules India:AVOID

Dear Mahesh ji, What is your view on Granules India. Its seems that this stock is heavily beaten down from its 52 weeks high. But the promoter has increased the stake in last one year. Can we buy this stock ? Thanks & Regards M Rajkumar
 1.Granules India ltd is a 10 rupee face value Pharmaceuticals company. 
2. Granules India ltd is an indo next script it means this is a small scale industries with low equity so generally i not like to invest in indonext scripts.
 3. Year high of Granules India is 234.50 and year low 85.65 as my theory of investment i avoid a stock which down more then 50 % in a year. 
4. Promoters holding in Granules India is 44.44% and FII holding 1.55 % which is normal. 
5. i think you may avoid Granules India because it is a small scale pharma company and year high/low ratio is more than 2 
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