Geometric can move to Rs 80-84, says Ambareesh Baliga, COO, Way2Wealth.
Baliga told CNBC-TV18, "We track Geometric closely and we have been recommending that even earlier. The results at the consolidated levels were surely much better than what we had expected, so it is possible that we could see this stock moving upto a levels of about Rs 80-84."
The company's trailing 12-month (TTM) EPS was at Rs 3.57 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 18.43. The latest book value of the company is Rs 36.10 per share. At current value, the price-to-book value of the company was 1.82. The dividend yield of the company was 1.82%.
The share touched its 52-week high Rs 83.70 and 52-week low Rs 34.75 on 25 Jan, 2011 and 19 Aug, 2011, respectively. Currently, it is trading -21.39% below its 52-week high and 89.35% above its 52-week low. Market capitalisation stands at Rs 412.23 crore.
