Assam Company can head upto Rs 36: Thacker

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Assam Company can head upto Rs 36: Thacker

Assam Company can head upto Rs 36, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Assam Company See messages about Assam Company Assam Company BSE | NSE 31/05/12 Are Mutual Funds betting on Assam Company?

Assam Company can head upto Rs 36, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Assam Company - strong breakout over here and while we are still midway through the week and the stock has recorded its highest ever weekly volumes at about 3 crore a share already for the last 2.5-3 days. I think this stock should do well over the next few weeks, it could head towards Rs 36."

The company's trailing 12-month (TTM) EPS was at Rs 0.70 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 40.93. The latest book value of the company is Rs 9.97 per share. At current value, the price-to-book value of the company was 2.87. The dividend yield of the company was 0.7%.