The stock has performed in line with the broader market since the beginning of the calendar year 2007 and it trades at a reasonable 20 times its FY07 earnings.
Moreover the company has exhibited robust financial performance in fourth quarter as well as full year ended March 2007.
In Q4FY07, the consolidated revenues jumped 72 per cent to Rs 978 crore though operating profit and net profit grew a lower 9.5 per cent and 22 per cent to Rs 195 crore and Rs 127 crore.
Similarly for the full year ended FY07, while consolidated net sales rose 36 per cent to Rs 2449 crore, operating profit and net profit increased 16 per cent and 30 per cent to Rs 560 crore and Rs 282 crore respectively.