PANAJI: CRISIL Equities has assigned a CRISIL IER fundamental grade of 2/5 (pronounced two on five) to GKB Ophthalmics Ltd (GKB).

The grade indicates that the company’s fundamentals are ‘moderate’ relative to other listed equity securities in India. CRISIL Equities has assigned a valuation grade of 3/5, indicating that the stock is ‘aligned’ to the current market price of Rs 48 (as on May 10, 2010). Our one-year fair value of the stock is Rs 52, press release.