Sona Koyo Steering can test Rs 31: Gujral

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Sona Koyo Steering can test Rs 31: Gujral

Above Rs 24-25, Sona Koyo Steering Systems can test Rs 31, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Sona Koyo Stee See messages about Sona Koyo Stee Sona Koyo Stee BSE | NSE 01/06/12 Are Mutual Funds betting on Sona Koyo Stee?

Above Rs 24-25, Sona Koyo Steering Systems can test Rs 31, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "If Sona Koyo stays above Rs 24-25 could head towards levels of Rs 31. But overall auto ancillary seems to be looking positive."

The company's trailing 12-month (TTM) EPS was at Rs 1.09 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 21.88. The latest book value of the company is Rs 9.13 per share. At current value, the price-to-book value of the company was 2.61. The dividend yield of the company was 1.26%.