As per the technicals the stock has given an excelent break out from a fou year trading range .A fibannoci extension is projecting the target for the stock at 400 in next 12 months time.
However considering the relative valuations the stock is trading at par with the book value.
The 12 month trailing P.E is at 5.8 and Eps at 34.8. The promoter holds 42 % of the total equity.
Considering the fact that the interest rate cycle in the economy is near the edged of a reversal. One can accumulate the stock at cmp Rs 200 for a return of 50 % to 100 % in the next two years
However considering the relative valuations the stock is trading at par with the book value.
The 12 month trailing P.E is at 5.8 and Eps at 34.8. The promoter holds 42 % of the total equity.
Considering the fact that the interest rate cycle in the economy is near the edged of a reversal. One can accumulate the stock at cmp Rs 200 for a return of 50 % to 100 % in the next two years
great information.. keep writing.
ReplyDelete