Hold Pipavav Shipyard: LKP

Hold Pipavav Shipyard, says Rakesh Gandhi, LKP.

Gandhi told CNBC-TV18, "One should hold Pipavav Shipyard. Currently is in a good upward momentum, volumes are also increasing and I think one should hold it as long as it stays above Rs 72 now. Rs 72 was a good resistance and it has crossed with good volumes, so I think it has a probability of going up to Rs 82 also."

The company's trailing 12-month (TTM) EPS was at Rs 0.86 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 89.01. The latest book value of the company is Rs 25.40 per share. At current value, the price-to-book value of the company was 3.01.