Hi,
My personal opinion about this company is that it is good company(company wise not from share market perspective), have good future plans and management has started executing the plans and expanding the business.
2008 is going to be crucial year for VikasWSP.
In the stock market, this companies past is the biggest enemy(though sebi has cleared VikasWSP from all the charges). Second enemy, i feel are operators(otherwise current price should have been 75+, at least).
After re-listing, this stock has shown huge resistance, initially around 44-45 and now it is showing good resistance around 50.
This stock has also been moved fromm Z-category to B1-Category. This may give the investors good confidence.
Hope this helps.
PS: I'm invested in this stock with LT perspective of 1.5-2 yrs at least.