Buy Titagarh Wagons: Shah

Buy Titagarh Wagons, says Gaurang Shah, Geojit BNP Paribas Financial Services.

Shah told CNBC-TV18, "Titagarh Wagons is related to the railway budget, which will be announced on Friday. So I am  buying Titagarh Wagon again with the target of Rs 450 and a stop loss of about Rs 405." The company's trailing 12-month (TTM) EPS was at Rs 42.55 per share. (Dec, 2010). The stock's price-to-earnings  (P/E) ratio was 9.81. The latest book value of the company is Rs 237.59 per share. At current value, the price-to-book  value of the company was 1.76. The dividend yield of the company was 1.2%.