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Jain Irrigation Systems may test Rs 120: Kunal Bothra

Kunal Bothra of LKP is of the view that Jain Irrigation Systems may test Rs 120.

November 11, 2014 / 14:10 IST
     
     
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    Kunal Bothra of LKP told CNBC-TV18, "In terms of technical wait for a couple of weeks in Jain Irrigation Systems, if the stock manages to cross Rs 86-87 that is a good enough comfort sign. You can trail your stoploss to Rs 78 in it with a one year horizon and look at a target close to Rs 120 in the stock.

    The company's trailing 12-month (TTM) EPS was at Rs 1.44 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 59.03. The latest book value of the company is Rs 50.88 per share. At current value, the price-to-book value of the company was 1.67. The dividend yield of the company was 0.59 percent.

    first published: Nov 11, 2014 02:10 pm

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