Alka Securities - should one buy at this moment??

May Alka be a multibagger from here as well??

Around 2^nd week of this Jan, NSE banned this for trading since it used a company called Optima Sec as its sub broker, which is not registered with exchanges. U can read:

http://economictimes.indiatimes.com/markets/indices/Alka-Securities-moves-SC-over-suspension-of-registration/articleshow/5435115.cms

Now u can c the graph, c it has risen from 3.34 to 5.73 in just a period of 9 days. The news for this attractive and surprising jump may be:

Alka Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2010, inter alia, considered and approved the following matter:

1. Approved the investment into an NBFC Company, Reality & Agro based Company.

2. To obtain necessary approvals as may be required in this regard.

Now, u can c this as a very risky short term trading opportunity, or just totally ignore this scrip from watchlist too…