Query regarding PMC Fincorp

Can anyone tell me whats wrong with this company PMC Fincorp ?? Recent quarter results are bad, I know but then 90% correction in stock price ?? I have purchased 1000 shares at 13.75 a piece. Does it have any future ?

 

i don't think its a 90% correction, it looks like that as they gave a bonus and also there was a split in 2014 that's why 52 week high is lot higher than market price...i may be wrong though

 

Indeed I bough 2500 @ 25.40, total disaster stock only southward movement, I heard that this company is a stock broking company and the management is experts in playing with stocks and ruining retail investors money. Jangli janwars

 

Its a high momentum stock and the company is engaged in the business of financing, rural financing, micro credit, debt settlements etc. Its a Bihar based company. History shows that every time the stock has been split or there has been a bonus issue, it corrects hugely. Then it gives a strong run in the northward direction. Please wait for June 2015 Quarterly results and follow daily Trading volumes of the stock to smell whether there is any big-ticket investor entering the counter. Average daily trading volumes of the stock is around 2 to 2.7 lakhs. Today ie on 21.5.15, the volume stands at 439410