NILE LTD - WATCHOUT THE RESULT

I have covered NILE Ltd on March 7 th @Rs.115 /- Company is going to declare its last qtr and full year results on 8th May .Company has two divisions viz Glass lined equipment and Lead. Company is making Lead through re-cycling method.Last year company posted a loss of Rs.2  crore due to lower price of lead in international as well as local market.After the revival in lead prices , NILE has posted a profit of 4.34 Cr for the nine month period ended in Dec.2009..On an equity base of just 3 Cr ,nine month EPS is Rs.14.5.If there is no negative surprise from the glass lined division, NILE is expected to post strong results.Comparing to last year ,commencement of its new plant at Tirupathi with 20000 tonnes per annum  lead making capacity is also expected to boost its bottom line.Currently it is quoting at Rs.152.60. Keep an eye on it  and take decision according to the results to be published on Saturday.