Buy Puravankara Projects: Thacker

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Buy Puravankara Projects: Thacker

Buy Puravankara Projects, says Mitesh Thacker, Technical Analyst, 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 Puravankara Projects See messages about Puravankara Projects Puravankara Pro BSE | NSE 01/06/12 Are Mutual Funds betting on Puravankara Pro?

Buy Puravankara Projects , says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "With some kind of momentum coming back into some realty stocks, Puravankara could be  a good bet. We have seen short-term and intraday indicators give a good buy signal. I believe that the stock can be  bought with a day price target of Rs 119."

The company's trailing 12-month (TTM) EPS was at Rs 5.65 per share. (Sep, 2010). The stock's price-to-earnings  (P/E) ratio was 20.26. The latest book value of the company is Rs 66.69 per share. At current value, the price-to-book  value of the company was 1.72.