KSK Energy Ventures may go upto Rs 100: Bhavin Shah

Bhavin Shah, CEO at Equirus Securities told CNBC-TV18, "KSK Energy Ventures' operational capacity will result in earnings going from Rs 4 per share in FY15 to Rs 40 per share in FY16. Over a time it is going to give tremendous upside."

"However if one takes 12-month perspective also, we see more improvement in the utilisation of its second unit and that will flow into the share price. We see the stock going up to at least around Rs 100 within next 12 months," he added.

At 10:28 hrs KSK Energy Ventures was quoting at Rs 66.50, up Rs 3.60, or 5.72 percent.

The share touched its 52-week high Rs 70.20 and 52-week low Rs 41.40 on 10 January, 2013 and 28 March, 2013, respectively.