Short Brief about company:-
Balasore Alloys, formerly known as Ispat Alloys Limited, which is part of the renowned Ispat group of Companies. This company is a Mittal group company. The Mittal groups companies are spread across several countries besides India.
Source: - http://www.balasorealloys.com/(Company Website).
If you are new reader of my blog and not familiar with my research terms for short term trading stocks, then please refer this link to knew my research terms to choose a trading stock
Positive point:- Promoters increase his holding from 51.54%, so promoters are not foolish they knew their company very well.
Negative point:-Promoters pledged 32.79% stake and if you read above research terms carefully then you knew that here in sharegenius blog we buy a stock till 33% promoters pledged stake
See the full list of public shareholding including FII and DII here:-
FII & DII Holding Details in Balasore Alloys
Click here to download last 3 years closing price with graph
I think this stock is now ready for a rally. (for long term investment purpose we buy a stock 15% below from base price but for short term trading purpose it is ok to buy till 15% up from base price (refer my book or above research terms given in point 2 )