Spandana Sphoorty a micro financial institution was struggling off late with its workforce and bad market environment. Over the last 6 months management as taken lots of corrective action and it is expected the operations will be stabilized in current quarter. Stock price is down 70% from its high. Stock price is expected to create bottom around 320 where it found support earlier as well. If volume picks up we will see some upward movement. Buy for a target price of 400
