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Jun 14, 2012, 10.09 AM IST
Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money shares his view on United Spirit.
Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money shares his view on United Spirit .
Thukral told CNBC-TV18, "In United Spirits you have seen a lot of open interest being built up and the cost has moved up, so clearly some speculative interest, some long positions have been built up. It’s a very short term trading opportunity because we are looking at a target of only Rs 20-25 on it, so around Rs 676 which is yesterday’s closing price, if you can go long with a target of Rs 698-699 on it but keep a very tight stop loss around that Rs 665-664 mark so that’s a small stop loss and a small target but this for very short term, say one or two trading days only."
The company's trailing 12-month (TTM) EPS was at Rs 30.82 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 21.74. The latest book value of the company is Rs 416.42 per share. At current value, the price-to-book value of the company was 1.61. The dividend yield of the company was 0.37%.
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