Some back of the envelope calculations ... Amtek Auto shares, in Amtek India are worth about 75 rupees per share.
In isolation, Amtek India is at a P/E of 8. Fundamentally, auto ancillaries should be a big gainer with the 1 lakh rupee car etc. perching on Indian roads. Additional infrastructure and rising incomes also help.
Thursday, December 13, 2007
Amtek India
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