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January 10, 2012

GVK Power & Infrastructure – Stock Update…

image According to Mr. Manoj Murlidharan Vayalar, Associate VP Derivatives, IIFL PReMIA,stock prices of  GVK Power & Infrastructure can test the level of Rs 17.20.

 

According to Mr. Murlidharan,

"In GVK Power & Infrastructure in last seven days there is good accumulation happening. But the thing is you know it's beaten down very badly. The thing is there is some investment or possibly some traders were taking at least long positions in that. So I would still bet on GVK Power. Around Rs 17.20 odd is what we can expect in that at least in the short term."

The company's trailing 12-month (TTM) EPS was at Rs 0.43 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 31.58. The latest book value of the company is Rs 16.05 per share. At current value, the price-to-book value of the company was 0.85.

Stock Chart (Courtsey:Moneycontrol)

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