Panacea Biotec may trade in Rs 170-240 range: Gujral

Published on Thu, May 20, 2010 at 13:51 |  Source : CNBC-TV18

Updated at Thu, May 20, 2010 at 15:26  

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Ashwani Gujral, Technical Analyst

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Panacea Biotec may trade in Rs 170-240 range, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Panacea Biotec is again kind of a ranging stock but better than Unitech. Out here we are looking at a range between Rs 170 to Rs 240 but clearly this is showing a bit more strength than Unitech ."

Panacea Biotec has touched an intraday high of Rs 184.50 and an intraday low of Rs 168.15. At 13:50 hrs the share was quoting at Rs 173.10, up Rs 2.95, or 1.73%.

The company's trailing 12-month (TTM) EPS was at Rs 11.97 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 14.46. The latest book value of the company is Rs 102.57 per share. At current value, the price-to-book value of the company was 1.69.

  

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