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-ŕ-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%.
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