LG Balakrishnan can touch Rs 400: SP Tulsian

Investment Advisor, SP Tulsian expects LG Balakrishnan and Brothers to move to about Rs 400 in the next 6-8 months.

Tulsian told CNBC-TV18, "LG Balakrishnan and Brothers is making the metal forming and transmission parts for the auto sector. They have 17 plants. If you go by their Q1 results, they have posted topline of Rs 215 crore, EPS of close to about Rs 16 and if you just extrapolate the same they have posted an EPS Rs 64-65 for FY12 that translates into a PE multiple of 4.2-4.3 and the price to book is also less than 1.