Buy NELCO, says Ashwani Gujral

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Buy NELCO, says Ashwani Gujral

Buy NELCO, says Technical Analyst, Ashwani Gujral.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about NELCO See messages about NELCO NELCO BSE | NSE 01/06/12 Are Mutual Funds betting on NELCO?

Buy NELCO , says Technical Analyst, Ashwani Gujral.

Gujral told CNBC-TV18, "Defence stocks generally tend to do well till the Budget. We buy NELCO with a target of  about Rs 146."

The company's trailing 12-month (TTM) EPS was at Rs 6.39 per share. (Jun, 2010). The stock's price-to-earnings  (P/E) ratio was 20.77. The latest book value of the company is Rs 11.46 per share. At current value, the price-to-book  value of the company was 11.58. The dividend yield of the company was 0.45%.