May 04, 2010, 05.56 PM IST | Source: CNBC-TV18

KSB Pumps can test Rs 650: Bhambwani

KSB Pumps can test Rs 650, says Technical Analyst, Vijay Bhambwani.

Vijay Bhambwani, Technical Analyst

KSB Pumps can test Rs 650, says Technical Analyst, Vijay Bhambwani .

Bhambwani told CNBC-TV18, "KSB Pumps is a long-term story. I feel this stock is a huge market out performer in terms of the returns its given vis--vis the Nifty over the last half or one decade."

He furtehr added, "From the present level your down side is 15-20%, on the upsides the stock has way to go and it can actually test Rs 650 levels in the coming 24 months time frame. I do have investment exposure to the stock, so I have vested interest in this recommendation."

The company's trailing 12-month (TTM) EPS was at Rs 38.03 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 11.55. The latest book value of the company is Rs 190.75 per share. At current value, the price-to-book value of the company was 2.3. The dividend yield of the company was 2.84%.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1704.41 -12.34 -0.72%

23592

Bought today

89574

Sold today

0.27%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.