ENTERING THE FAST LANE

BSE Code: 522064
CMP: Rs 282
Volume: 30000

Production is in full swing at Honda Siel Power’s Greater Noida plant as a part of its parent company’s bigger game plan for India. The consolidation of component making and assembly operations at one place is expected to save costs considerably. Its CMP of Rs 282 is backed by a cash component of Rs 163 per share and EPS of Rs 45. With better auto sales’ figures, H2FY10 is expected to be a step ahead. Thus, an investment in this scrip can be made with a medium-term perspective.