Fantastic P/E ratios ( .... low, figuratively !!! )

You might want to research some of these stocks. They have a fairly good market capitalisation and a rather strong P/E ratio amongst their industry peers. I found these in some old files .. seems to be January 2006 data.

I have marked the ones which have shown increasing Q-on-Q profits over the last three quarters in green for your reference. We'll evaluate these over the next two weeks.

Madras Aluminium [12.58]
Pheonix Lamps [10.78]
Pricol [10.58]
Eicher Motors [2.78]
Ashok Leyland [13.48]
Punjab Tractors [10.86]
Bank of Baroda [12.17]
Federal Bank [5.65]
SBI [10.02]
Jupiter Biosciences [6.65]
JK Lakshmi Cement [10.11]
Everest Industries [9.33]
Gujarat NRE Coke [7.42]
India Glycols [6.17]
Savita Chemicals [9.35]
Jaiprakash Associates [13.02]
Nava Bharat Ferro [6.45]
Havell's India [17.09]
LG Balakrishnan [16.09]
Kirloskar Oil Engines [6.50]
GNFC [6.59]
GSFC [6.25]
Mangalore Chemicals [5.85]
GAIL [9.86]
Mascon Global [11.79]
Tata Elxsi [19.22]
Tinplate [5.30]
Adani Export [12.46]
Atul [12.35]
Dredging Corporation [11.79]
Gujarat Alkalies [4.84]
MIRC Electronics [7.23]
Su-Raj Diamonds [7.95]
LIC Housing Finance [9.34]
Shriram Transport [8.42]
Tata Investment Corp [8.90]
ONGC [11.07]
JK Paper [7.97]
West Coast Paper [7.11]
Rallis [9.38]
IPCL [5.30]
Ind Swift Lab [8.18]
Aarti Drugs [9.06]
Merck [11.99]
Shasun Chemicals [13.71]
Torrent Power SEC [8.73]
Infomedia [8.14]
Bongaigoan Refineries [7.00]
Chennai Petro [5.14]
Mercator Lines [4.82]
Varun Shipping [5.77]
Bhushan Steel [4.30]
Monnet Ispat [6.40]
Essar Steel [1.58]
Lloyds Steel [1.78]
Mukand [2.61]
SAIL [4.15]
Mawana Sugar [12.51]
Avaya Global Connect [13.94]
MTNL [10.96]
Alok Industries [10.74]
Nahar Export [6.56]
KEC International [4.58]
Apollo Tyres [14.96]