Accentia Technologies has target of Rs 288: Irani

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Accentia Technologies has target of Rs 288: Irani

Accentia Technologies has day target of Rs 288, says Mehraboon Irani, VP-PMS, Centrum Broking.

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ALSO READ See previous views by Mehraboon Irani See what other Experts & Brokerages are saying about Accentia Techno See messages about Accentia Techno BSE | NSE 01/01/70 Are Mutual Funds betting on ?

Accentia Technologies has day target of Rs 288, says Mehraboon Irani , VP-PMS, Centrum Broking.

Irani told CNBC-TV18, "My target for Accentia Technologies is Rs 288 for the day. I think if one looks at the consolidated numbers of this company, people will understand what I am trying to state. On a standalone basis numbers look good but on a consolidated basis things actually stand out. 13.5 crore equity for the company in nine months time till December - I think the company has reported a net profit of Rs 52 crore and my feeling is that what information I have is around 20 crore for the last quarter, Rs 72 crore profits on an equity of 13.44 crore and earning per share of around Rs 57 per share on a consolidated basis, stock available at Rs 275-280-285 to Rs 290 levels, less than 5 P/E."

He further added, "It is a sector which on the whole looks interesting. So at this present valuations, there is nothing much to lose, there are only things to gain. I think it doesn't require any grey matter to recommend a stock and my target for the day is Rs 288."

Accentia Techno touched an intra day high of Rs 289.40 and an intra day low of Rs 273.10. At 14:08 hrs the share was quoting at Rs 279.00, down Rs 0.85, or 0.3%. The company's trailing 12-month (TTM) EPS was at Rs 14.03 per share.