Sukhani told CNBC-TV18, "For short-term traders Walchandnagar is giving an excellent chart pattern that suggests a very decent upmove. I do not know whether you want to become an investor in this stock but if you are a trader and looking to hold for a day or even a few weeks it's a very nice share to own."
Yesterday the share closed up 1.89% or Rs 4.55 at Rs 245.45. Market capitalisation stands at Rs 934.43 crore.
The company touched its 52 week high Rs 292.90 and 52 week low Rs 110.70 on 21 Jan, 2010 and 08 Apr, 2009, respectively. Currently, it is trading -16.2% below its 52-week high and 121.73% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 6.25 per share. The stock's price-to-earnings (P/E) ratio was 39.27. The latest book value of the company is Rs 60.19 per share. At current value, the price-to-book value of the company was 4.08. The dividend yield of the company was 0.41%.
