ARSS railway projects well-positioned, gains imminent: TAIB India

Jagdish Malkani, Country Head, TAIB India in an interview with ET NOW said ARSS railway projects is very well positioned in Orissa in that geography. People are sitting on heady gains, so profit-booking seems imminent.

Have you looked at ARSS Infra and if you were allotted shares, would you book profits at 780-790?

It is definitely a very good longer-term story unfolding. They are talking about the Rs. 100 EPS in FY11. It is into roads and railways but I would imagine the way the other railway stocks tanked after the recent railway budget.

I imagine even ARSS railway projects should have been a bit affected, so yeah in spite of the seeming low PE ratio, etc. and it is very well positioned in Orissa in that geography but having said all that, that's built into the price, the IPO price was around 450 or so, so people are sitting on heady gains, yeah, so to answer your question, yes, I would book profits.