hi,

The results for H1 FY 10 is a significant improvement from last year. With half year EPS of 8.7, at a price of 50 the company is trading at 2.87 P/E. The book value of the stock is also good. The public holding is only 165 and the rest is held by promoters, institutions and corporate. More importantly the company is able to achieve top line growth. The debt levels are high but with improved cash flows, it is expected to comdown as on March 31, 2010. With all the good fundamentals the stock continues to under perform. I see a lot of value in this stock and in my opinion the stock has definetley more upside potential than downside. ...