We have a general tendency to look out for stocks which are around 10-20 Rs. The reason, We often read stories of stocks which were 10-20 Rs at sometime but went onto become 100-1000-2000 rs stocks. But remember that before becoming a 100 Rs Stock it has to cross its lifetime high which stands at 40-50-60 Rs. That will be the point where you will know that something has changed in the company and you should go on and accumulate the shares. Not at this time. You might be seeing zero or no movement for an undefined number of years. It infact might never go onto that point. So the better strategty would be to wait and let it hit a 52W and then a new lifetime high.
We have a general tendency to look out for stocks which are around 10-20 Rs. The reason, We often read stories of stocks which were 10-20 Rs at sometime but went onto become 100-1000-2000 rs stocks. But remember that before becoming a 100 Rs Stock it has to cross its lifetime high which stands at 40-50-60 Rs. That will be the point where you will know that something has changed in the company and you should go on and accumulate the shares. Not at this time. You might be seeing zero or no movement for an undefined number of years. It infact might never go onto that point. So the better strategty would be to wait and let it hit a 52W and then a new lifetime high.