BASF India has target of Rs 610: Gaurang Shah

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BASF India has target of Rs 610: Gaurang Shah

BASF India has target of Rs 610, says Gaurang Shah, Geojit BNP Paribas Financial Services.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Gaurang Shah See what other Experts & Brokerages are saying about BASF See messages about BASF BASF BSE | NSE 10/02/12 Are Mutual Funds betting on BASF?

BASF India has target of Rs 610, says Gaurang Shah , Geojit BNP Paribas Financial Services.

Shah told CNBC-TV18, "BASF India has given a consistent outperformance. We are looking at a target of about Rs 610 with a stop loss of Rs 545. Both Selan and BASF are the stocks that one can even look at it from a medium to long-term point of view and not only short-term."

The company's trailing 12-month (TTM) EPS was at Rs 25.66 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 21.63. The latest book value of the company is Rs 212.35 per share. At current value, the price-to-book value of the company was 2.61. The dividend yield of the company was 1.44%.