Welspun Gujarat can test Rs 310-315: Gujral

Published on Fri, Mar 19, 2010 at 15:59 |  Source : CNBC-TV18

Updated at Fri, Mar 19, 2010 at 17:23  

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Ashwani Gujral, Technical Analyst

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Welspun Gujarat can test Rs 310-315, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Welspun Gujarat broke out of Rs 270-272 yesterday but now today it is a bit of sideways. But it still seems to be having steam till Rs 310-315."

The share closed at Rs 283.05, up Rs 3.90, or 1.40% with volumes of 1,317,872 shares. Market capitalisation stands at Rs 5,771.13 crore.

The company touched its 52 week high Rs 296.35 and 52 week low Rs 70.90 on 19 Nov, 2009 and 18 Mar, 2009, respectively. Currently, it is trading -4.49% below its 52-week high and 299.22% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 22.46 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 12.60. The latest book value of the company is Rs 76.17 per share. At current value, the price-to-book value of the company was 3.72. The dividend yield of the company was 0.53%.

Disclosure: Some of our clients may have Jubilant Foodworks.

  

Entities: Ashwani Gujral
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