Fairly priced for now the company remain too much corrected since its 52 week high happens to be Rs.759. With moderate market cap though, it almost matches the price to earning with other players while its PE is quite attractive. A defensive stock which could come to your rescue in bad market conditions (paying Rs.8/- as dividend against the FV of Rs.10, it has reasonably good book value. A debt free company, it is an add - on like stock with each correction.
Remember - in bad market conditions, it is the companies which serve as good pay master rewarding their stake holders with decent dividend return. Such stock should be an integral part of one's not only sustainable but rewarding portfolio.
Invest n Enjoy !