Query Trends : Vijayeswari Text

Query : I got Vijayeswari Textiles, 250shares through its IPO last year at Rs.100. Now it is trading almost half of it i.e Rs.51. May you please advice me about this share as I have already lost of my 50% of money in it. Please help me out. Anju

Thebullishtrends : Vijayeswari text shares closed today at Rs. Incorporated in 1953 Vijayeswari Text is engaged in production and sales of super fine cotton yarns and textile made-ups. The entire production of made-ups is exported to some of the world's leading retailers such as Macy's, Kohi's and Laura Ashley etc. The company came to IPO market in Feb'07 to expand and achieve benefits of economies of scale by setting up additional facilities for Spinning, Weaving, Processing made-ups. Due to the poor response for it's IPO the company revised the price band to Rs.100/- per share from Rs.115.

Vijayeswari Text is almost it depends on export oriented market. Now it is effecting by rupee value down fall. Hence the share price is not rising. Wait and watch and try to come out with minimal losses from this scrip.