Cautious on Venkys: SP Tulsian

SP Tulsian, sptulsian.com advice traders to remain cautious on Venkys.

Tulsian told CNBC-TV18, “Venkys results were very good and when I compare the results with Srinivasa Hatcheries which has posted very poor numbers, the results of Venky has been found to be quite good and generally it has been seen for the last 3-4 quarters that whenever the company has being posting good numbers you see the buying coming in maybe ahead of the results and maybe the trading momentum continue thereafter.”
He further added, “But yes, since the stock has run up so much one needs to be little cautious and those who have entered at a lower level can definitely go for profit booking.”
The company's trailing 12-month (TTM) EPS was at Rs 77.76 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 7.10. The latest book value of the company is Rs 336.25 per share. At current value, the price-to-book value of the company was 1.64. The dividend yield of the company was 0.91%.