Granules India reported a 5% increase in Sales and a 27 % decline in net profit for December quarter . Even the profit was below expectation ,today's sharp decline in stock price seems an over reaction and part of over all negative sentiment visible in small and mid cap stocks for the past few weeks. Expecting an improvement in company's performance once it completed ongoing expansions and achieving stability in operations.Those having a capacity to hold minimum one year can still hold the stock and even add in a staggered manner if it falls below Rs.130/-
Thursday, 24 January 2013
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