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P/e is fair , result is good, no red flage, not share pladge, no debt, profitability good, holding: promoter 73.68 institution 1.28 fii 0.91 public 24.13 why spactrum lower and lower please guid specialist sme gurus15:18 PM

This is a SME and I think +ve movement will be once a new big order or assignment of any MNC company is taken by Spectrum until then wait and watch game.
Also we might need to wait till the next results or any positive news is out for company.
There are no red flags yet but one which was at issue seems, no anchor investors, QIB being low to 9%.