Buy Ballarpur Industries: Sukhani

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Buy Ballarpur Industries , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "For the short-term there is 10% to be made in Ballarpur Industries. If at all it's breaking out it will be a step and ladder process; slow and steady. So that's a stock that I would like to buy with a proper appropriate stoploss for the day trader."

At 09:23 hrs the share was quoting at Rs 25.75, up Rs 0.35, or 1.38% with volumes of 51,960 shares. Yesterday the share closed down 0.00% or Rs 0.00 at Rs 25.40.

The company touched its 52 week high Rs 29.50 and 52 week low Rs 14.90 on 03 Jun, 2009 and 26 Mar, 2009, respectively. Currently, it is trading -12.71% below its 52-week high and 72.82% above its 52-week low. Market capitalisation stands at Rs 1,430.47 crore.

The company's trailing 12-month (TTM) EPS was at Rs 1.80 per share. The stock's price-to-earnings (P/E) ratio was 14.31. The latest book value of the company is Rs 24.30 per share. At current value, the price-to-book value of the company was 1.06. The dividend yield of the company was 1.94%.