Accumulate Voltamp Transformers at Rs 900: Chouhan

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Accumulate Voltamp Transformers at Rs 900: Chouhan

Accumulate Voltamp Transformers at Rs 900, says Shrikant Chouhan, Kotak Securities.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shrikant Chouhan See what other Experts & Brokerages are saying about Voltamp Trans See messages about Voltamp Trans Voltamp Trans BSE | NSE 29/05/12 Are Mutual Funds betting on Voltamp Trans?

Accumulate Voltamp Transformers at Rs 900, says Shrikant Chouhan , Kotak Securities.

Chouhan told CNBC-TV18, "Voltamp Transformers is an interesting case. If we go through the long term chart, the stock has spent lot of time between Rs 850 and Rs 1050 on the higher side, so in my sense it will take further more time. But around Rs 900 levels one can accumulate the stock with a target of Rs 1100 to Rs 1200 on the higher side with a view of at least 6-8 months."

The share closed at Rs 927.40, up Rs 24.65, or 2.73%. Market capitalisation stands at Rs 938.26 crore.

The company touched its 52 week high Rs 1,050.00 and 52 week low Rs 431.10 on 18 Jan, 2010 and 28 Apr, 2009, respectively. Currently, it is trading -11.68% below its 52-week high and 115.12% above its 52-week low.
 
The company's trailing 12-month (TTM) EPS was at Rs 85.28 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 10.87. The latest book value of the company is Rs 261.61 per share. At current value, the price-to-book value of the company was 3.54. The dividend yield of the company was 1.35%.