Den Networks can test Rs 55-60: Tulsian

1900 Investors following Den Networks. Share this News with them.

0

Like this story, share it with millions of investors on M3

Den Networks can test Rs 55-60: Tulsian

Den Networks can test Rs 55-60, says SP Tulsian of sptulian.com.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Den Networks See messages about Den Networks

Den Networks can test Rs 55-60, says SP Tulsian of sptulian.com.

Tulsian told CNBC-TV18, "I don't think the numbers of DEN networks are that disappointing and infact I think the stock has been beaten much more than what it deserves, so probably may be the recovery will start happening and I won't be surprised to see the price moving back close to about Rs 55-60. Rs 50 looks quite possible in the near term but Rs 55-60 where it should really get settled may be in next one months or so."

The company's trailing 12-month (TTM) EPS was at Rs 0.73 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 57.81. The latest book value of the company is Rs 56.14 per share. At current value, the price-to-book value of the company was 0.75.