Analysis of the Q2 results will highlight the weight of the depreciated rupee over the reduction in export volumes. If the same trend continues during the remaining two quarters this share will strongly on track to deliver an EPS of over Rs2 for the full year. So based on the current share price this share is trading at a forward PE of 11.8x which means @ a 66% discount to the sector. However we need to keep an eye on how the recent wage hike will impact the cost structure in the next quarter.
Anyway a price target of Rs30 can't be ignore completely.
My general comment is that this trend can be seen in most of the other plantation sector stocks as well in the pending quarterly results so that we can expect at least a short term rally from the plantation sector given that it has underperformed for a long time up to now. Be watchful on the industry. GL.