TNPL can touch Rs 100-105: Bhambwani

Published on Fri, Apr 09, 2010 at 16:22 |  Source : CNBC-TV18

Updated at Fri, Apr 09, 2010 at 17:26  

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Vijay Bhambwani, Technical Analyst

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TNPL can touch Rs 100-105, says Technical Analyst, Vijay Bhambwani .

Bhambwani told CNBC-TV18, "I think TNPL is an old war horse and in the paper space it is showing a breakout, which it has confirmed ever since it started trading consistently above the current levels. I would expect this counter possibly go upto Rs 100-105 levels."

The company's trailing 12-month (TTM) EPS was at Rs 12.87 per share. The stock's price-to-earnings (P/E) ratio was 7.76. The latest book value of the company is Rs 95.96 per share. At current value, the price-to-book value of the company was 1.04. The dividend yield of the company was 4.51%.

Disclosure: I do not have a personal holding in the above stock/sector but may have recommended them to clients.

  

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