Cholamandalam Investment can test Rs 210-215: Thacker

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Cholamandalam Investment can test Rs 210-215: Thacker

Cholamandalam Investment and Finance Company can test Rs 210-215, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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

Cholamandalam Investment and Finance Company can test Rs 210-215, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Good breakout today in fact Cholamandalam Investment and Finance Company price was consolidating in a range of about Rs 20 from Rs 190 to Rs 170. We are seeing strong price action today coupled with good jump in trading volume. I think this stock could probably head towards Rs 210-215 shortly."

The company's trailing 12-month (TTM) EPS was at Rs 6.89 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 28.30. The latest book value of the company is Rs 45.09 per share. At current value, the price-to-book value of the company was 4.32. The dividend yield of the company was 0.51%.