Please refer to my message dt 11.9.09(Rs 73/-)and my message dt 17.9.09(Rs 71.50 xd).The company`s products are directly connected to infrastructure growth and hence it is an infrastructure company.As per reliable sources for Y/E MARCH 2010 ,the expected EPS is Rs 19.4.A p/e of 20 is a fair value for an infrastructure company.Even at p/e 10 the price potential with a good chance of further appreciation is Rs 194/-.The BV Rs 70/- makes it a risk free investment at Rs 78/-.
SPRAJ
| NIFTY 
