Kashyap Pujara of Sushil finance is positive on Batliboi .
Pujara told CNBC-TV18, "We are positive about Batliboi. Basically they are into the textile engineering business and machine tools. It is growing very well over the last couple of years from its textile engineering group and even the machine tool business has picked up momentum. We are very confident about its long-term growth opportunity and looking at the boom in the industrial activity across the country it is going to translate into good growth for it."
He further added, "If one looks at the numbers the stock is at 11 times on FY07 earnings and 8 times on FY08 earnings, we expect it to post an EPS of 8.5 in FY07 and 10.5 in FY08. So looking at valuations we feel Rs 160 could be the target price in the stock over one year."
