Hello Friends, With Bilcare annulised EPS estimated to be closed to Rs 60 per share, it is very attractively priced. At Rs 420, it is trading at 7 Price to Earning (PE). The stock had touched its life time high price of Rs 1700 on weekly closing basis in Dec 07.
At present the stock is trading at a 7 year support price and risk from here on is minimal . I suggest investors and swing traders (for 2 - 6 months) take position now.
Apart from rakesh Jhunjhunwala's stake, institutional and domestic interest is very high.