Indiabulls Wholesale Services Ltd: Wait and Watch

Mahesh... Can I have your view in IBWSL? Ask by Big B 
1. Full name of IBWSL is Indiabulls Wholesale Services Ltd which is a commodity trading and distribution company. 
2. Indiabulls Wholesale Services Ltd is a 2 rupee face value company currently traded at 12.35 
3. Year high for Indiabulls Wholesale Services Ltd is 17.70 and year low 7.11 , year high/ low ratio is below 2 so this is a negative point in my concept of investing. 
4. Promoters increase their holding from 37.49% to 39.01 % which is good. 
5. Stock shows a recent bulk deal which is also negative in my concepts. 
6. So overall I think the stock of Indiabulls Wholesale Services Ltd has more downside is remain and my view is wait and watch for this stock , stock is good due to increasing promoters holding buy recent bulk deals and year high/low ratio suggest that we can wait for a lower price before we buy it. 
7. I have no any stock of Indiabulls Wholesale Services Ltd. Do not forget to read recent update of my stock recommendation about pricol ltd at here http://www.maheshkaushik.com/2013/08/pricol-ltd-1635.html