LT Foods is a rice export company and is into the selling of Basmati rice under the Daawat brand name. For the fourth quarter ended March 2019, LT Foods has reported a 6% fall in total sales at Rs.1008 crore and a 43% fall in net profits to Rs.19 crore. The company has seen higher costs, higher borrowing cost of funds and weaker sales. Also recent export disruptions including the trade war and the sanctions on Iran have made life difficult for Daawat. The sock has corrected nearly 70% in the last one year and it looks too vulnerable at this point of time. In fact, you should set a stop loss for such stocks and exit at that level instead of holding it all the way down. It may not be a good idea to buy more of the stock at current prices because even at current prices the valuations are quite steep.