Wednesday, February 21, 2007
FCS SOFTWARE : Value Pick
Continuing with my theme of concentrating on Value stocks in the current market weakness, I present another potential multibagger. The company has posted a nine months EPS of Rs.11.45 and at a projected EPS of Rs.15 for full year, the fair value of this stock should not be less than 150. But the stock is currently trading at only 82.30. Clearly, it is one of the most undervalued IT stocks in the market.