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The Rs 10-face value Visaka Industries stock is being watched by marketmen following the company's second quarter show in the backdrop of encouraging developments, including those in the asbestos space. Further, improved margins recorded by its yarn operations are being seen as a key factor. The garments business, if it breaks even, may well boost the company's profitability in the days ahead, it is felt. The stock on Tuesday dipped 1.63 per cent to close at Rs 129.90. At the current price it is trading at a P/E multiple of 5.3x fiscal 2008 estimated EPS of Rs 24.95, broking firms maintain.

Nilanjan Dey

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