Sahyadri can be bought in the range of 460 to 510 with a one year view as it quite likely to see further upside and can see levels of 600 to 650 . However, since majority of the sales is from asbestos , it is uncertain as to whether its PE can get re-rated currently, unless the company diversifies its product portfolio and reduces the dependence on asbestos products so that its get re-rated.
As the company has initiated the process of having investor meets , it is quite possible that large investors can take interest in this stock , which can take the stock to higher levels, as the floating stock is very low.
Disc: Invested