KRBL has target of Rs 30: Gujral

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KRBL has target of Rs 30: Gujral

KRBL has target of Rs 30, says Technical Analyst, Ashwani Gujral.

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

KRBL has target of Rs 30, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Food got some flip from the railway Budget; they have corrected quite a lot. So KRBL with a stoploss of Rs 24, target here could be Rs 30. They could also be doing well because of tomorrows Budget, so there is some play involved there."

It touched an intraday high of Rs 27 and an intraday low of Rs 26.05. At 09:23 hrs the share was quoting at Rs 26.40, up Rs 2.60, or 10.92% with volumes of 390,253 shares.

The company's trailing 12-month (TTM) EPS was at Rs 3.46 per share. Its Market Cap is of Rs 641.82 crore.