Tulsian told CNBC-TV18, "Numeric Power has been a consistent performer on the financial front. They are making the UPS. Promoter stake is quite respectable at 63%. If I go by the present financials for 9 months ended December '09 the company has posted a topline of about Rs 325 crore with EPS of about Rs 28 with PAT at Rs 28 crore. The companies equity is quite low at Rs 10 crore and if I take a call on FY11 though FY10 will be having an EPS of close to Rs 37-38 but FY11 should be having an EPS of close to Rs 45-46 so if I go by those parameters share is available at low valuation."
He further added, "We have seen this stock moving as high as Rs 515 last 12 months. I won't be surprised to see the old glory coming back over next 6 months time. That means my target is about Rs 500 but for the day I have given a target of Rs 369 for the stock."
It has touched an intraday high of Rs 359.00 and an intraday low of Rs 344.30. At 13:15 hrs the share was quoting at Rs 353.50, up Rs 10.45, or 3.05% with volumes of 17,205 shares.
The company touched its 52 week high Rs 364.70 and 52 week low Rs 90.13 on 19 Jan, 2010 and 01 Apr, 2009, respectively. Currently, it is trading -3.07% below its 52-week high and 292.21% above its 52-week low. Market capitalisation stands at Rs 357.24 crore.
