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Apr 05, 2010, 03.24 PM IST
Visaka Industries has target of Rs 150, says Satish Betadpur, MD, IIR Group, PLC.
Betadpur told CNBC-TV18, "Visaka Industries make cement roofing sheets. They are South based player and they have a very good brand in the south. With the economy turning around these type of products are the ones that start picking up. It is another rural play to some extent. It is extremely low valuation, sub 6 times earnings and with very good earning numbers coming up in the future and revenues also picking up.”
He further added, “This is a stock that if you hold on for a long run it will give you excellent results. Their products are excellent and it is a good long term buy. Day target was Rs 150 and it is a good holding. Some of our clients hold on to this stock.”
Visaka Industries touched an intraday high of Rs 144.90 and an intraday low of Rs 131.95. At 13:06 hrs the share was quoting at Rs 140.55, up Rs 2.00, or 1.44%.
The company's trailing 12-month (TTM) EPS was at Rs 31.93 per share. The stock's price-to-earnings (P/E) ratio was 4.40. The latest book value of the company is Rs 118.23 per share. At current value, the price-to-book value of the company was 1.19. The dividend yield of the company was 2.85%.
Action in Visaka Industries
May 23 2013, 16:33
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