BELLARY STEELS AND ALLOYS:VERY RISKY WITH MINUS BOOK VALUE

HELLO SIR..kindly tell your views on BELLARY STEEL. thank you sir. n – satya
1. BELLARY STEALS AND ALLOYS LTD is an iron and steel company with BSE group T.
2. face value of bellary steals is only 1 so currant price 3.72 is not cheap.
3. but 60.95 percent promoter holding in this company is great thing.
4.currantly this is a loss making company and when turn around in profit than it may give a run but stock spilt in 2005 so I think rest zone is over for this stock.
5. book value of this share is -9.80 ( please note this is minus book value).
6. I think this is very risky to invest in this company.