Buy Banco Products: Gujral

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Buy Banco Products: Gujral

Buy Banco Products, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Banco Products See messages about Banco Products Banco Products BSE | NSE 30/05/12 Are Mutual Funds betting on Banco Products?

Buy Banco Products , says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Banco Products is that kind of chart which starts from lower left hand corner and rise upto the right hand upside corner; one of those midcaps which keeps doing well. We buy this one with a stoploss of about Rs 130 and target here could be closer to Rs 149."

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 12.33. 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 3.91. The dividend yield of the company was 1.11%.