Its a sugar industry company and they have lot of regulations issue due govt. involved indirectly with its pricing. So, providing a good ROCE in long term is not that easy for them.
If you had brought it then hold as it may reach to 85-90 price and then it will be hard for it to move ahead and still seems as going above then keep it trailing and exit as per your confront. 65-68 price is a good support for it, if it still close below the lower band should exit.
If wanted to make new investment at current price does not look great stock for even to go 1-2x from its listing in next 2-3 years. Until some boom comes in market where everybody is winning.
I am not a legal advisor. Even they are also wrong in this market.
If you had brought it then hold as it may reach to 85-90 price and then it will be hard for it to move ahead and still seems as going above then keep it trailing and exit as per your confront. 65-68 price is a good support for it, if it still close below the lower band should exit.
If wanted to make new investment at current price does not look great stock for even to go 1-2x from its listing in next 2-3 years. Until some boom comes in market where everybody is winning.
I am not a legal advisor. Even they are also wrong in this market.