Bear of the day: Stock that lost 45% in 1 mth

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Bear of the day: Stock that lost 45% in 1 mth

IVRCL Infrastructure and Projects slipped 2.43% or Rs 1.80 to end at Rs 72.35 on the BSE. It touched a 52-week low of Rs 69.90. It touched an intraday high of Rs 74.80 and an intraday low of Rs 69.90.

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IVRCL BSE | NSE 30/05/12 Are Mutual Funds betting on IVRCL? Other Stocks in this news Jaiprakash Associates | GMR Infrastructure | Unitech | Lanco Infratech | Jaypee Infratech | IRB Infrastructure Developers | ILandFS Transportation Networks | Era Infra Engineering | NCC | Hindustan Construction Company |

IVRCL Infrastructure and Projects slipped 2.43% or Rs 1.80 to end at Rs 72.35 on the BSE. It touched a 52-week low of Rs 69.90. It touched an intraday high of Rs 74.80 and an intraday low of Rs 69.90. There were pending sell orders of 55 shares, with no buyers available. The total traded volumes were of 2,896,237 shares. However, the share has fallen 44.96% in the last one month.

Its market capitalisation stands at Rs 1,931.82 crore. The company's trailing 12-month (TTM) EPS was at Rs 6.83 per share. The stock's price-to-earnings (P/E) ratio was 10.59. The latest book value of the company is Rs 69.30 per share. At current value, the price-to-book value of the company was 1.04. The dividend yield of the company was 1.11%.

What analyst says?

SP Tulsian, sptulsian.com said that, "I don't see much downside likely in IVRCL Infrastructure and Projects because if you go by the present marketcap, taking a price of about Rs 70, the market capitalisation translates into about maybe Rs 1,850 to 1,900 crore and of which about 75% since the company is holding the stake of IVRCL Asset, which has a market value of about Rs 800 crore. So you are getting the core company or the standalone company for about Rs 1,100 crore."

He further added, "If I go by the financials they should be able to post a topline of close to about Rs 5,500-6,000 crore with EPS of about Rs 4. So if you take that into consideration the share is on the face of it looks that it is ruling at a PE multiple of 17-18 but it has a value of assets held by the company maybe one can look for prices to settle at around Rs 65. I don't see that though I am not expecting it to fall further from hereon but still because of the negative perception prevailing for all the infra and contracting companies, one can even wait slightly further and if somebody is already invested can take a view of about six months and should hold it patiently."

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