Facor Alloys Ltd:Good but wait till year high/low is below 2

Whats your view on "Facor Alloys Ltd" is it advisable to purchase it. ask by Ravi. 
1.Facor Alloys Ltd is a 1 rupee face value Iron and steel company. 
2. Facor Alloys Ltd currently traded at 1.34 year high of Facor Alloys Ltd is 3.30 year low 1.24 this ratio is slightly negative because it is above 2, but i think year high/ low ratio soon down below 2 . 
3.Promoters holding in Facor Alloys Ltd is 46.55% DII holding 0.03% 
4.This is a penny stock but in my research i am not find any negative side about facor alloy ltd , No pledged promoters holding , No nay bulk deal in last 2 years, low equity also suggest stock is ready for a speculative run. 
5.So this time my view is positive about Facor Alloys Ltd. But if you read my book then you knew that it is wise to wait untill year high/low ratio is stable below 2 so track year high/low ratio closely and buy it if this ratio stable below 2 
6. I have no any share of Facor Alloys Ltd.