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Sep 10, 2012, 11.59 AM IST
Keep stoploss at Rs 425 in Reliance Infrastructure, says Jai Bala, cashthechaos.com. It is trying to clock higher low above Rs 417, it made a several months ago and this is looking like a good move for the extreme short-term.
Keep stoploss at Rs 425 in Reliance Infrastructure , says Jai Bala, cashthechaos.com.
Bala told CNBC-TV18, "Reliance Infrastructure is trying to clock higher low above Rs 417, it made a several months ago and this is looking like a good move for the extreme short-term. I think a little bit of short-term downside is left on the extreme short-term. So if we can place the stoploss below Rs 425, you can expect the stock to arise to about Rs 505." The company's trailing 12-month (TTM) EPS was at Rs 40.42 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 11.42. The latest book value of the company is Rs 705.00 per share. At current value, the price-to-book value of the company was 0.65. The dividend yield of the company was 1.58%.
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