Supreme Industries has target of Rs 165: Madan

Supreme Industries has target of Rs 165, says Ashu Madan of Religare.

Madan told CNBC-TV18, "In spite of such volatility in the market Supreme Industries is holding on and that to at a level  which is almost at a new high and showing lot of strength. So some market support if lent or some stability in the  market one should hold at these volatile movements and with a negative bias one should hold stocks which are most  stable or would not disturb or bother or panic your portfolio. So I continue to hold Supreme Industries at Rs 150 with a  target price of Rs 165." The company's trailing 12-month (TTM) EPS was at Rs 13.01 per share. (Sep, 2010). The stock's price-to-earnings  (P/E) ratio was 11.68. The latest book value of the company is Rs 29.77 per share. At current value, the price-to-book  value of the company was 5.1. The dividend yield of the company was 2.37%.