COMPANY NAME- AREVA T&D
08-JANUARY-11.
RECOMMENDATION- ACCUMULATE PRICE
TARGET - 390
CURRENT PRICE - 320
COMPANY BASIC
INFORMATION
|
ISIN Id
|
INE200A01026
|
|
BSE Id
|
522275
|
|
NSE Id
|
AREVAT&D
|
|
INDUSTRY
|
Power - Transmission/Equipment
|
|
Market Cap
|
7676.44
|
|
Book Value
|
36.19
|
|
EPS (TTM)
|
6.97
|
|
Price/Book
|
8.87
|
|
Face Value
|
2.00
|
|
P/E
|
46.06
|
|
Div(%)
|
90.00%
|
|
Industry P/E
|
20.90
|
|
P/C
|
33.69
|
|
Div Yield (%)
|
0.56
|
|
STOCK PRICE HISTORY( NSE)
|
|
All Time High
|
1914.00
|
|
All Time Low
|
130.75
|
|
52 Week High
|
349.90
|
|
52 Week Low
|
233.20
|
Recommendation-
The stock
has recently given some significant price movement. After showing an
accumulation around 290 levels it moved in a continuation price pattern and
managed to give a breakout above its major resistances of 340 levels lately on
the back of good volumes. However the breakout did not last, due to selling
pressure in the broader markets and bears once again took control of the stock
but apparently with relatively less strength this time. We expect the stock to
undergo in an accumulation in a band of 290-310 and once again give a genuine
breakout this time. We therefore recommend an
Accumulate in the counter around 290-310 with a stop loss below 270
for a short to medium term target of 390.