Manoj Murlidharan Vayalar, Associate Vice President-Derivatives at IIFL PReMIA is of the view that, Piramal Healthcare is expected to go upto Rs 490, so one can keep a stop loss of Rs 465.
Vayalar told CNBC-TV18, "Couple of stocks which I feel can participate in the short covering rally in the next two-three days and that would be Piramal Healthcare is close to Rs 475, can go upto Rs 490, keep a stop loss of Rs 465. Aditya Birla Nuvo was trading around Rs 773, can go upto Rs 800 and keep stoploss of Rs 765. Ashok Leyland is trading at around Rs 21, can go upto Rs 24, keep stoploss of Rs 19.5. Titan Industries at Rs 226, keep stop loss of Rs 218 and has target of Rs 240." Piramal Healthcare's trailing 12-month (TTM) EPS was at Rs 20.75 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 23.17. The latest book value of the company is Rs 645.61 per share. At current value, the price-to-book value of the company was 0.74. The dividend yield of the company was 3.64%.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!
