Man Industries can test Rs 97-98, says Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline.
Jain told CNBC-TV18, "I think Man Industries is almost on its 52-week high because it was 7% high even on Friday, month-on-month I think 22% and today it has gone right upto Rs 92 levels."
She further added, "There is resistance at Rs 91.50-92 levels, so if you see on the chart, there is a shadow kind of forming out there. So there is resistance there. If it manages to hold up there, then probably can pull up for another 6-7% closer to Rs 97-98 but I would look out for Rs 91.50-92 resistance."
The company's trailing 12-month (TTM) EPS was at Rs 12.53 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 7.55. The latest book value of the company is Rs 88.74 per share. At current value, the price-to-book value of the company was 1.07. The dividend yield of the company was 1.58%.
