Videocon Industries has target of Rs 236: Bhamre

Videocon Industries has target of Rs 236, says Siddharth Bhamre, Angel Broking.

Bhamre told CNBC-TV18, "I am expecting a short covering in Videocon Industries. We are expecting stock not to go very significantly up, but Rs 236 is our target, you can fix a stoploss of Rs 211 in this." The company's trailing 12-month (TTM) EPS was at Rs 20.50 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 10.83. The latest book value of the company is Rs 286.86 per share. At current value, the price-to-book value of the company was 0.77. The dividend yield of the company was 0.9%.