Sterlite opticals could see upside of Rs.50-75 purely on fundamentals. Firstly it has a equity of Rs.28 crore, Rs.5 paid up. The management is going to raise funds via prefential issue which will expand equity to Rs.32.20 crore. Now in the current year, the Company could see its revenue crossing 800-900 crores and already the company's quaterly profit has gone up to Rs.22 crore. I expect the company to post quarterly profit of more than 25 crore and above in the coming quarters considering new product launches and high demand of its product in china. The company could end up with Net profit of around Rs.120 crore, which gives it an EPS of around Rs.15-20 for the current year. Since the stock belong to very good group (sterlite group) and this being a "A" group stock, it could command 15-20 P/E multiples very easily. Already in the last few weeks it touched a high of Rs.197 and after touching a low of Rs.111 on monday (crash day), its recovery very fast. I expect this recovery to be very fast based on fundamentals of the company and expect price of around 250 over next six months, if nothing unexpected happens.