Essel Propack has target of Rs 54.80: Thacker

Thacker told CNBC-TV18, "We have seen strong resistance in the stock like Jindal Polymer, which also in the same industry. Essel Propack has got very bullish pattern on weekly charts. The stock price has the potential to test level of Rs 70-75 if somebody is looking at a time horizon of about four-six months but for the day I would bought with a price target of Rs 54.80."

Essel Propack trailing 12-month (TTM) EPS was at Rs 2.27 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 22.22. The latest book value of the company is Rs 39.52 per share. At current value, the price-to-book value of the company was 1.28. The dividend yield of the company was 0.59%.