Thacker told CNBC-TV18, "For the entire month of March Ahluwalia Contracts price has been consolidating in a very narrow range of Rs 10; from Rs 200-210. Yesterday it gave a breakout, closed above that and also is the fact that there was some delivery based buying, so clearly after a breakout from this kind of sideways range the price is signaling an uptrend."
He further added, "In the short-term the expected price targets, which this stock could hit, would be around Rs 230-240. The stoploss here would be around Rs 203."
Yesterday the stock closed at Rs 211.45, up Rs 8.75, or 4.32%. Market capitalisation stands at Rs 1,327.11 crore.
The company's trailing 12-month (TTM) EPS was at Rs 13.48 per share. The stock's price-to-earnings (P/E) ratio was 15.69. The latest book value of the company is Rs 28.17 per share. At current value, the price-to-book value of the company was 7.51. The dividend yield of the company was 0.33%.
The company touched its 52 week high Rs 219.00 and 52 week low Rs 32.65 on 31 Mar, 2010 and 31 Mar, 2009, respectively. Currently, it is trading -3.45% below its 52-week high and 547.63% above its 52-week low.
