Amtek Auto can move to Rs 150: LKP

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Amtek Auto can move to Rs 150: LKP

Amtek Auto can move to Rs 150, says Rakesh Gandhi, LKP.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rakesh Gandhi See what other Experts & Brokerages are saying about Amtek Auto See messages about Amtek Auto

Amtek Auto can move to Rs 150, says Rakesh Gandhi, LKP.

Gandhi told CNBC-TV18, "Amtek Auto has pulled up from a good support level that it has been finding since last few days - Rs 125. Today also it has bounced from that level currently trading at Rs 137. As long as it stays above that Rs 125 it could bounce up to Rs 145 or up to Rs 150 also."

The company's trailing 12-month (TTM) EPS was at Rs 3.66 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 37.84. The latest book value of the company is Rs 160.24 per share. At current value, the price-to-book value of the company was 0.86. The dividend yield of the company was 0.72%.