Apr 05, 2010, 03.29 PM IST | Source: CNBC-TV18

Walchandnagar Ind has target of Rs 249: Thacker

Walchandnagar Industries has target of Rs 249, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Walchandnagar Ind has target of Rs 249: Thacker

Walchandnagar Industries has target of Rs 249, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Walchandnagar Industries declined from 300 levels to about Rs 220-230. So the stock prices takes a lot of time and go through a base building process and now giving signals of a breakout on the upside. So for the day I am looking at targets of about Rs 249 though the stock even has potential to go higher.

Walchandnagar has touched an intraday high of Rs 242.80 and an intraday low of Rs 236.50. At 12:20 hrs the share was quoting at Rs 240.00, up Rs 2.00, or 0.84%.
 
The company touched its 52 week high Rs 292.90 and 52 week low Rs 98.70 on 21 Jan, 2010 and 01 Apr, 2009, respectively. Currently, it is trading -18.06% below its 52-week high and 143.16% above its 52-week low. Market capitalisation stands at Rs 913.68 crore.

The company's trailing 12-month (TTM) EPS was at Rs 6.25 per share.The stock's price-to-earnings (P/E) ratio was 38.40. The latest book value of the company is Rs 60.19 per share. At current value, the price-to-book value of the company was 3.99. The dividend yield of the company was 0.42%.

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