PSL has intraday target of Rs 76, says Aunali Rupani, Director of Arm Research.
Rupani told CNBC TV18, "PSL is India's largest H-SAW Pipe manufacturer. The market cap of the company is just Rs 383 crore. I am expecting 30% growth this year in the company. FY11 consolidated EPS was close to Rs 10.35. I am expecting FY12 EPS to be close to Rs 14 per share - that means the stock is trading at just 5 PE, target for the day - Rs 76."
