Rico Auto can move upto Rs 30, says Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline.
Jain told CNBC-TV18, "I do like the whole auto ancillary pack as such. Today I have taken packs which are showing as such movement pattern, so you basically had Exide which has not moved but even that is looking good."
She further added, "Rico is looking definitely good. The price has closed over the 50 day moving average, a very positive sign. At Rs 27.50 approximately, I think with a stoploss of Rs 26.70-26.75 looks poised for about Rs 30 on a swing call basis. Intra-day it can give you a couple of percentage points, so if you want to play it just for the day couple of percentage points there can happen."
The company touched its 52 week high Rs 32.80 and 52 week low Rs 10.50 on 06 Jan, 2010 and 02 Apr, 2009, respectively. Currently, it is trading -16.16% below its 52-week high and 161.9% above its 52-week low. Market capitalisation stands at Rs 345.36 crore.
The company's trailing 12-month (TTM) EPS was at Rs -0.02 per share. The latest book value of the company is Rs 21.71 per share. At current value, the price-to-book value of the company was 1.27. The dividend yield of the company was 0.55%.
