Bhambwani told CNBC-TV18, "If you have 6-8 months time frame on BILT I would say the Rs 44 levels could be a possibility provided the Nifty crosses over the 5500 mark."
Ballarpur Ind has touched an intraday high of Rs 32.75 and an intraday low of Rs 28.90.At 14:01 hrs the share was quoting at Rs 31.65, up Rs 3.20, or 11.25%.
The company touched its 52 week high Rs 29.50 and 52 week low Rs 16.15 on 03 Jun, 2009 and 06 Apr, 2009, respectively. Currently, it is trading 7.29% below its 52-week high and 95.98% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 1.80 per share. The stock's price-to-earnings (P/E) ratio was 17.58. The latest book value of the company is Rs 24.30 per share. At current value, the price-to-book value of the company was 1.3. The dividend yield of the company was 1.58%.
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