Alok industries Ltd : Downside remain ?

Hi Mahesh Bhai, Hope you are doing good. Need your expert advice again on Alok Industries on the present context as the company recently sold physical assets in Mumbai to clear their debts. But still I don't see any momentum in this stock though their profit margins are quite high as per the industry experts. Thanks in advance. -Deepak Kaushik 
1. Respected Deepak Ji thank you for waiting a long period for your reply.
2. Alok industries is a 10 rupee textile company which is trading at 10.86 , year high of Alok industries is 23.90 and year low 10.48 so this is a problem because as my theory I don't like stocks which price is down more than 50% from year high and traded near his year low, in this condition I think more downside is remain and you should wait for stable year high low ratio below 2.
( I give more detail about this concept of year high low ratio in my book The winning theory in stock market ). 
3. Promoter's holding is 34.16 % in Alok industries Ltd promoters increase their holding from 33.55 % , this is a good point. 
4. I Think you will be wait and watch in the coming result because Alok industries Ltd is traded below his 200 DMA so if the result of Dec 12 is good and the stock traded above 13 then it is good to buy otherwise it is not moving up in the coming 6 months to 1 year.
5. I have no any share of Alok industries Ltd but Arvind Ltd is in my personal holdings.
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