Noida toll Bridge - Q1 Update

Due to no rise in toll rates, Noida toll Bridge co has come out with insipid results.Sales are stagnant as it was last year. It appears no traffic growth has taken place this year against an exepcted traffic growth of 5 %. However, decline in interest is in right direction and there is a good chance that Co will be debt free in next three years. Co is likely to come out with an EPS of 2.3-2.5 Rs/share this year. It is recommended to hold shares of this co at this price and buy on decline. I have a holding of 1000 shares with an average price of 24.07 Rs/share and plan to buy 1000 more below 25 Rs/share.