BGR Energy can test Rs 386-390: Aditya Agarwal

BGR Energy can test Rs 386-390, says Aditya Agarwal of Way2Wealth.

Agarwal told CNBC-TV18, "BGR Energy is one stock in which we have seen some good accumulation. Yesterday we saw some good open interest build-up which is on long side; this stock has also broken its range of Rs 365-367 levels. So we are expecting that this stock may see some more rally and so on higher side Rs 386-390 and stop loss will be Rs 355."
The company's trailing 12-month (TTM) EPS was at Rs 44.95 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 8.06. The latest book value of the company is Rs 131.62 per share. At current value, the price-to-book value of the company was 2.75. The dividend yield of the company was 2.76%.