Buy Core Projects, says Thacker

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Buy Core Projects, says Thacker

Buy Core Projects, says Mitesh Thacker, miteshthacker.com.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Core Projects & See messages about Core Projects & CORE Education BSE | NSE 21/02/12 Are Mutual Funds betting on CORE Education?

Buy Core Projects , says Mitesh Thacker , miteshthacker.com.

Thacker told CNBC-TV18, "I have bought Core Projects because we saw a very strong breakout yesterday. In the short-term the stock is likely to enjoy very strong momentum; it has broken out of a bullish price pattern with good jump in volumes. I think the stock can probably head towards Rs 340-350 over a period of time. I have bought it with a day price target of Rs 309.5."

The company's trailing 12-month (TTM) EPS was at Rs 10.30 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 28.95. The latest book value of the company is Rs 44.32 per share. At current value, the price-to-book value of the company was 6.73. The dividend yield of the company was 0.2%.