KPIT Cummins has target of Rs 130.75: Thacker

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KPIT Cummins Infosystems has target of Rs 130.75, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "KPIT Cummins I got a target of around Rs 130.75. But I like the stock a lot more than that probably once it gets passed this level of Rs 131-132, we will see more upsides coming into the stock price."

At 15:02 hrs the share was quoting at Rs 122.35, down Rs 2.95, or 2.35% with volumes of 89,027 shares. Yesterday the share closed up 5.52% or Rs 6.55 at Rs 125.30.

The company touched its 52 week high Rs 142.15 and 52 week low Rs 27.10 on 18 Jan, 2010 and 18 Mar, 2009, respectively. Currently, it is trading -13.93% below its 52-week high and 351.48% above its 52-week low. Market capitalisation stands at Rs 954.98 crore.

 company's trailing 12-month (TTM) EPS was at Rs 11.35 per share. The stock's price-to-earnings (P/E) ratio was 10.78. The latest book value of the company is Rs 21.99 per share. At current value, the price-to-book value of the company was 5.56. The dividend yield of the company was 0.49%.