zuari book value as on 31/03/09 was Rs 390/- considering working for current year eps of 150/ share book value will be around 540.
Market value of investment worth Rs 934 crores is nearly around 2000 croroes i.e. net profit of around 1100 crores
if added to reserve book value works out to Rs 1100/ share
if merger with chamble and Paradip Phosphet get materials we will gefertiser giant with small capital of around Rs 60-70 cores and net profit around 600 crores is eps of around 100 expecting share price around 2000 in two to three years or before that