Jul 15, 2011, 05.36 PM IST | Source: CNBC-TV18

Simbhaoli Sugars may go up to Rs 42.5: Rajesh Satpute

Rajesh Satpute of Mangal Keshav Securities is of the view that Simbhaoli Sugars may go up to Rs 42.5.

Rajesh Satpute, Mangal Keshav Securities

Rajesh Satpute of Mangal Keshav Securities is of the view that Simbhaoli Sugars may go up to Rs 42.5.

Satpute told CNBC-Awaaz, Sambhaoli Sugars is looking very strong on chart. The level of Rs 38-40 is important for the stock; if stock crosses this level it may go up to Rs 42.50.

The latest book value of the company is Rs 17.09 per share. At current value, the price-to-book value of the company was 2.46.

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