Time Technoplast has target of Rs 75: Kapadia
Time Technoplast has target of Rs 75 over the period of one year, says Ranjit Kapadia, HDFC Securities.
February 24, 2011 / 09:16 IST
Time Technoplast has target of Rs 75 over the period of one year, says Ranjit Kapadia, HDFC Securities.
Kapadia told CNBC-TV18, "In Time Technoplast we expect a price of about Rs 75 over the one year period and this is because they are going to introduce a new concept in LPG gas cylinders that is called a composite gas cylinder where you can see the quantity of the gas inside the cylinder in the household. This is going to change the entire gamut of storage of household gas."The company's trailing 12-month (TTM) EPS was at Rs 3.85 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 14.06. The latest book value of the company is Rs 23.27 per share. At current value, the price-to-book value of the company was 2.33. The dividend yield of the company was 0.74%.Disclosure: I am holding the above scrip. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
