Hold Geodesic, says Ranak Merchant

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Hold Geodesic, says Ranak Merchant

Ranak Merchant of Shushil Finance is of the view that one should hold Geodesic.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ranak Merchant See what other Experts & Brokerages are saying about Geodesic See messages about Geodesic

Ranak Merchant of Shushil Finance is of the view that one should hold Geodesic .

Merchant told CNBC-Awaaz, "Investors should hold Geodesic. The stock is looking good on chart. If stock crosses Rs 61 then we can see level of Rs 75 in future. One can sell it at that level."

The company's trailing 12-month (TTM) EPS was at Rs 26.45 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 2.32. The latest book value of the company is Rs 112.22 per share. At current value, the price-to-book value of the company was 0.55. The dividend yield of the company was 2.86%.