GVK Power can test Rs 17.20: Murlidharan

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GVK Power can test Rs 17.20: Murlidharan

GVK Power & Infrastructure can test Rs 17.20, says Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL PReMIA.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Manoj Murlidharan Vayalar See what other Experts & Brokerages are saying about GVK Power See messages about GVK Power

GVK Power & Infrastructure can test Rs 17.20, says Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL PReMIA.

Murlidharan told CNBC-TV18, "In GVK Power & Infrastructure in last seven days there is good accumulation happening. But the thing is you know it's beaten down very badly. The thing is there is some investment or possibly some traders were taking at least long positions in that. So I would still bet on GVK Power. Around Rs 17.20 odd is what we can expect in that at least in the short term."

The company's trailing 12-month (TTM) EPS was at Rs 0.43 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 31.58. The latest book value of the company is Rs 16.05 per share. At current value, the price-to-book value of the company was 0.85.