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May 06, 2010, 02.03 PM IST
Spice Mobiles may slip to Rs 55-56, says Technical Analyst, Ashwani Gujral.
Gujral told CNBC-TV18, "Spice Mobiles moved from Rs 35 to Rs 80, so clearly some kind of correction should be due. Probably you could see Rs 55-56 before it tends to move up higher. It is a stock that is making fresh highs, overall it is positive.”
The company touched its 52 week high Rs 82.20 and 52 week low Rs 11.00 on 04 May, 2010 and 11 May, 2009, respectively. Currently, it is trading -16.06% below its 52-week high and 527.27% above its 52-week low. Market capitalisation stands at Rs 515.00 crore.
The company's trailing 12-month (TTM) EPS was at Rs 7.31 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 9.44. The latest book value of the company is Rs 10.28 per share. At current value, the price-to-book value of the company was 6.71. The dividend yield of the company was 0.39%.
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