Gammon Infra might touch Rs 35: Mitesh Thacker

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Gammon Infra might touch Rs 35: Mitesh Thacker

The price pattern suggests that Gammon Infra might cross Rs 30 and head towards Rs 35, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Above Rs 30, Gammon Infra can test Rs 35-36: Gujral ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Gammon Infra See messages about Gammon Infra Gammon Infra BSE | NSE 30/05/12 Are Mutual Funds betting on Gammon Infra?

The price pattern suggests that Gammon Infra might cross Rs 30 and head towards Rs 35, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "The stock has broken out of a triangle formation. Rs 30 has been the 52-week high for the stock. That is an important supply area, but overall the price pattern suggests that it might cross Rs 30 and head towards Rs 35."

The company's trailing 12-month (TTM) EPS was at Rs 0.19 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 146.84. The latest book value of the company is Rs 7.17 per share. At current value, the price-to-book value of the company was 3.89. The dividend yield of the company was 0%.