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hey any real reasons fundamentally or technically for the 65 target you are quoting. Trust me you will get it at below 40 levels in the next three months.
NO WAY !! At current PE ratio of over 40 !!!! and with a particularly bad year with marginal recovery only and difficulty in arranging funds for capex and expansion, this stock is doomed.. There is a lot of speculation on this stock by recent mutual fund activity and due to its announced QIP, wait for the results end-Oct and look at its performance from Nov 2 onwards !! Target is 40-38-36-33-31.5-28.5
Agreed, as already in my earlier poost i had mentioned that it is going to test below 40 levels soon.
The Uttarakhand factor would only come in after Q1-Q-2 2010, till then no real reason for this stock to appreciate
significantly,given the fact that it`s PE valuation at curent levels is expensive.
It`s better to book profits at current levels and re enter later.
| NIFTY 
