Invest in Ballarpur Industries: Sukhani

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Invest in Ballarpur Industries: Sukhani

Invest in Ballarpur Industries, says Technical Analyst, Sudarshan Sukhani.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Ballarpur Ind See messages about Ballarpur Ind Ballarpur Ind BSE | NSE 30/05/12 Are Mutual Funds betting on Ballarpur Ind?

Invest in Ballarpur Industries , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Ballarpur Industries will take their own time, so I don't know weather you can actually day trade in it. But if you are an investor you really want to look at it. A stock that's coming out of a multi year trading range is a stock that's going to go places. So for an investor it is a very worth investing opportunity."

At 10:26 hrs the share was quoting at Rs 29.25, up Rs 0.80, or 2.81%. Market capitalisation stands at Rs 1,624.91 crore.

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 16.25. 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 1.2. The dividend yield of the company was 1.71%.