Keep Rs 32.80 stoploss in Noida Toll: Anu Jain

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Keep Rs 32.80 stoploss in Noida Toll: Anu Jain

Keep Rs 32.80 stoploss in Noida Toll Bridge, says Anu Jain, IIFL Private Wealth Management, India Infoline.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Noida Toll See messages about Noida Toll Noida Toll BSE | NSE 01/06/12 Are Mutual Funds betting on Noida Toll?

Keep Rs 32.80 stoploss in Noida Toll Bridge , says Anu Jain , IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "Noida Toll Bridge closed below its 10 day moving average, even on Friday there is weakness on the chart. At Rs 32.40 where it closed, I think I would keep a stoploss closer to Rs 32.80 which is about 1-1.5%. If it doesn't breach that then it is probably looking to test Rs 31.60 and 31.35. It sounds small in percentage terms, they are quite large, so I would probably keep my weakness out there."

The company's trailing 12-month (TTM) EPS was at Rs 1.48 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 21.93. The latest book value of the company is Rs 22.45 per share. At current value, the price-to-book value of the company was 1.45.