Update on Balasore Alloys Ltd

Subsequent to our buy call, stock has fallen. However Investors need not book loss
Rather Investors can buy more at cmp. Prospects of current year are good and co in a position to report Eps of 13 for FY18

Promoter may be Keen to keep share price low as it will enable to allot P Offer of 3.50 cr warrants at lower price