Well, not really such a good management, if you notice the stock price fell dramatically during the middle of decemeber and the reason was that the company has already indicated selectively to some analysts and investors about their disappointing results coming ahead.
You can see many reports came during that time wherein the analysts had downgraded their earnings estimates and now the same analysts are coming out with the reports saying the results are in-line with their estimates!
That is because they already knew what was coming otherwise for a company whose majority of revenues (75-80%) comes from outside India spread across many countires, how come they estimated such dismal performance so accurately! So much so for fundamental analysis and corporate governance.
So the big investors already sold their stuff and hence even after such results the stock has not reacted too negatively.
This is why people say the stock market discounts things already, look at the stock chart and you'll know.
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