Price is down largely on account of sale by Golman(reduced stake from around 6%to4%)and exceptionaly bad Mar08 qtr.Co.has come out with 1qtr result of 19.4cr profit and gross revenue of 12.9cr. and looks like profitability is back. I think price would move back to around 50....

This is a very jinxed script. With great difficulty it had managed to touch 300; stayed there for a few days and then started the unstoppable downtrend which brought the price to measly levels. Lots of investors are stuck at higher levels, fed up with the stock would like to leave it and try their luck in some other good script. Moreover the co\\`s performance has been inconsistent! It drops financial bombs time and again thus puncturing the upward trend time and again!! Even though it has come out with excellent numbers for the last qtr investors will be wary to immediately jump the bandwagon. And please please dont go by the words of the so called self-styled analists who come on the business channels. The same analyst who recommended Empee at 350 and India Bulls Sec at 250 is not talking about why their value has eroded so much??? Actually one should do the contrary of what these analysts recommend! This Eastern Silk was first recommended by on Analyst named Mathew. Since then it had a series of ups and downs and the present fate everyone can see!! The above is my personal opinion as I have been tracking this script since 2004!!!! IT IS HIGHLY UNPREDICTABLE and the management is not proactive in improving the image of the company before the media and the investing public!! So please take care and take the advise of experts before putting your hands in this stock!! There is no doubt that in the ST it could give good gains coz of the excellent results posted!! Cheers!! =morningstar=...