ABG Shipyard can touch Rs 500-550: Jagannadham Thunuguntla

ABG Shipyard can touch Rs 500-550, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-Awaaz, "ABG Shipyard is looking strong with good valuation. Fundamentally and technically also stock is looking good. The company has Rs 15,700 crore order book, which will help the company in future. It can touch Rs 500-550."
The company's trailing 12-month (TTM) EPS was at Rs 39.37 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 10.22. The latest book value of the company is Rs 252.47 per share. At current value, the price-to-book value of the company was 1.59. The dividend yield of the company was 0.99%.