Titagarh Wagons has target of Rs 450: Shah

Titagarh Wagons has target of Rs 450, says Gaurang Shah, Geojit BNP Paribas Financial Services.

Shah told CNBC-TV18, "I am buying Titagarh Wagons with a target of about Rs 450 and a stop loss of about Rs 412." 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 10.11. 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 1.81. The dividend yield of the company was 1.16%.