Banco Products has target of Rs 135: Naveen Vyas

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Banco Products has target of Rs 135: Naveen Vyas

Banco Products has target of Rs 135, says Naveen Vyas, AVP, PMS Microsec Research.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Naveen Vyas See what other Experts & Brokerages are saying about Banco Products See messages about Banco Products Banco Products BSE | NSE 31/05/12 Are Mutual Funds betting on Banco Products?

Banco Products has target of Rs 135, says Naveen Vyas , AVP, PMS Microsec Research.

Vyas told CNBC-TV18, "The target price for Banco Products we have put it at Rs 135, it is an upside of 35% on the current market price. It is into manufacturing gaskets and radiators. The current PE of the company is around 9.4."

The company's trailing 12-month (TTM) EPS was at Rs 10.99 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 9.80. The latest book value of the company is Rs 34.63 per share. At current value, the price-to-book value of the company was 3.11. The dividend yield of the company was 1.39%.