Tata Global has target of Rs 88: Sukhani

Tata Global Beverage has target of Rs 88, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Tata Global Beverage is a low volatile stock; it hardly moves. It's gone through a 25% correction and after that correction there seems to be a sense that the worse in the short-term is probably over for it. Its relatively low risk because the volatility factor in it is very low, so Tata Global has a very modest target of Rs 88 and it would cross that if it starts its uptrend."
The company's trailing 12-month (TTM) EPS was at Rs 5.32 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 15.86. The latest book value of the company is Rs 32.90 per share. At current value, the price-to-book value of the company was 2.57. The dividend yield of the company was 2.37%. Disclosure: I have no personal holding in the above stock.