Book profits in Navneet Publications: Sharekhan

"Navneet Publications’ stock price has run up sharply on the back of the company’s bonus issue (a bonus of three shares for every two shares held) and the general re-rating of the mid-cap stocks. At the current market price the stock trades at 14.1x its FY2010E earnings and 11.7x its FY2011E earnings. We advise investors to sell into the rally on the counter. Book profits," Sharekhan's research report.

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