HINDUSTAN ZINC LTD : AVOID

Dear Mahesh Kaushik,
Please share your views about Hindustan zinc ltd. Company.
Regards,Rohan
1-HINDUSTAN ZINC LTD is a 2 rupee face value zink company.
2- HINDUSTAN ZINC LTD 52 week high is 155.25 and 52 week low 105.11 stock traded at 135 so this pattarn is good ( when stock not double from year low and not correct more than 50 % from year high is a safe pattern.)
3- promoter holding in HINDUSTAN ZINC LTD is 64.92 % so HINDUSTAN ZINC LTD have a good promoter holding but DII reduce there holding from 31.48 % in march 2011 to only 1.85 % in june 2011 which is a concern, why domestic fund sell this huge quantity to small investors?
4-i have a reply for this point that why domestic fund sell this huge quantity to small investors? This stock recently spilt from 10 rupee face value and give 1:1 bonus on 8 march 2011 so this is called equity dilution and stock normally lost his steam for 1-3 year after this type of dilution for more detail read my article on this link
http://sharegenius.blogspot.com/2009/10/bonus-issue-gives-only-psychological.html
5- HINDUSTAN ZINC LTD have a low book value of 53.33 so i think stock may availble near 60-70 in any market fall.
6. so my view is avoid for HINDUSTAN ZINC LTD, i have no any stock of hindusthan zink ltd .