Spanco can test Rs 131.50: Aashish Tater

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Spanco can test Rs 131.50: Aashish Tater

Spanco can test Rs 131.50, says Aashish Tater of Fort Share Broking.

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Spanco can test Rs 131.50, says Aashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Spanco can easily test Rs 131.50 in today's trade. However, we have a technical call on this stock with a target of Rs 138 from the next 4-5 days perspective."

The company's trailing 12-month (TTM) EPS was at Rs 24.19 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 5.08. The latest book value of the company is Rs 157.05 per share. At current value, the price-to-book value of the company was 0.78. The dividend yield of the company was 0.81%.