SREI Infra can head upto Rs 110-115: Thacker

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SREI Infra can head upto Rs 110-115: Thacker

SREI Infrastructure can head upto Rs 110-115, says Mitesh Thacker, miteshthacker.com.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about SREI Infra See messages about SREI Infra SREI Infra BSE | NSE 21/02/12 Are Mutual Funds betting on SREI Infra?

SREI Infrastructure can head upto Rs 110-115, says Mitesh Thacker , miteshthacker.com.

Thacker told CNBC-TV18, "SREI Infra recently made new highs. It just broken above its significant supply areas of Rs 94-95 and yesterday closed at the levels of around Rs 98.50. We saw very good jump in delivery volume numbers indicating the strong buying is taking place. I expect this stock to head towards Rs 110 to probably Rs 115 in the next few days and I have bought it today with a day price target of Rs 104."

The company's trailing 12-month (TTM) EPS was at Rs 10.45 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 9.42. The latest book value of the company is Rs 67.94 per share. At current value, the price-to-book value of the company was 1.45. The dividend yield of the company was 1.22%.