Taj GVK Hotels & Resorts has target of Rs 150, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.
Kulkarni told CNBC-TV18, "Midcap good quality stocks like Taj GVK and Ceat have given you significant corrections from higher levels. If the market is to reverse, I think these stocks will give you strong pullbacks on the upside. So Taj GVK is one of the stocks that we like. We would say that on the upside, you can look at a target price of around Rs 150 just as pullback levels. So from a trading perspective, I think it makes a good bet to enter into Taj GVK at current levels."
Taj GVK Hotels trailing 12-month (TTM) EPS was at Rs 6.68 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 20.04. The latest book value of the company is Rs 46.68 per share. At current value, the price-to-book value of the company was 2.87. The dividend yield of the company was 1.49%.
Disclosure: I don't have any personal holdings in the above stock but we have recommended them to our clients.
