Sintex Industries may test Rs 100: SP Tulsian

Published on Wed, Jan 25, 2012 at 18:09 |  Source : CNBC-TV18

Updated at Wed, Jan 25, 2012 at 18:42  

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SP Tulsian, sptulsian.com

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Sintex Industries may test Rs 100, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Sintex Industries, if one looks at the Q3 results we have seen good relief. Firstly they have written back some of the forex losses, so that pain is not seen to be there. So apart from that I think now the kind of corrections which we have seen in the share price and the kind of shorts which we have seen built up on the stock, sometime when you take a call on the technical side of the stock you feel that probably the stock can move like we have seen the move in two stocks like Exide and Jain Irrigation and Welspun Corp. The kind of run up these three stocks have shown largely on technical factors can get to be seen in Sintex also which can make it move closer to Rs 100 maybe in next 1-2 months."

The company's trailing 12-month (TTM) EPS was at Rs 13.10 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 6.01. The latest book value of the company is Rs 79.59 per share. At current value, the price-to-book value of the company was 0.99. The dividend yield of the company was 0.83%.

  

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