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Market watch

August 11, 2007

“It recently expanded its plywood capacity and is also expanding its laminates production. The full effect of this expansion will be evident in 2007-8.

Its latest results have been excellent, with 2006-7 revenue up by 40% and net profit up 60% YoY. The current price discounts 2006-7 EPS of Rs 13.8 by 9.7 times.”

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