"The Company will be having an EPS of close to about Rs 7 for FY12 and even if you take the book value as of March 31, 2012 it is close to about Rs 50, anywhere between Rs 48 to Rs 50. If the share is available at a price to book of 0.75 rupee multiple of close to about 5 and if the company has a cash accrual of close to about Rs 500 crore per year I think that will be enough for them to continue with growth because right now they have a loan book of close to Rs 6,000- Rs 6,500 crore so inspite of RBI restrictions of not allowing them to issue further NCDs and maybe cap of 60% non financing against gold bars and all that I think taking all this into account share still has upside. It can move to Rs 42 maybe in the next 15 days or so - so maybe one can buy. Share having seen a good run up in last couple of days."
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