Videocon Industries set to be perform

Videocon is investing around Rs 20,000 crore on building 3thermal based power plants with total power generation capacity of 5,000 MW in next 5-7 years. These plants will be set up at West Bangal, Chattisgarh and Gujarat. With the debt-equity ratio of 4:1 and giving price to book value multiple of 2.5 its equity value comes to around Rs 10,000 crore. This can lead the stock to perform well in long term.