There has to be a better much better reason to buy a stock like varun rather than oh the stock has fallen from 240 to rs.26 so it should bounce back.The promoters have taken away every reason an investor would have to buy varun.Most likely all their talk about rare earth minerals,gold ,uranium and gas is all gas or even if its true(highly unlikely) they have made it clear they will not share it with the shareholders.As for those who have hopes that their factories must be worth more than their current market capitalisation well i have got news for you out of a turnover of RS.3177 CRORES only rs.346 crores is the turnover of varun from its factories and the remaining RS.2831 crores is from purchase of traded goods which could mean their own turnover could be less than rs.346 crores.From 2007-2012 their purchase of trades goods has increased from 864 crores to rs.2831 crores.So again on a most optimistic basis their turnover has gone up from rs.204 crores to rs.346 crores in 5 years.Whats worse is varun has not reported its consolidated results which last year was rs.600 crores more in turnover as compared to standalone results. So we dont know how much loss they have made on a consolidated basis.So we know the management is fraud,unethical,dishonest,thieves.The books are all cooked so it does not make a strong case for value buying.