Buy Hyderabad Industries
Stock market analyst Rajat K Bose has given an intraday call for Hyderabad Industries.
According to Mr. Rajat, the stock can be purchased with strict stop loss of Rs 233.80 for the target of Rs 247. The maximum target for the day is Rs 254.
The traders can surely achieve this target as the stock market is also trading in the positive mood.
On Bombay Stock Exchange (BSE), the stock has touched 52-week high of Rs 330 with the low of Rs 139. Based on current results, the stock is trading at a P/E of 11.96 and provides an EPS of Rs 21.94.
Hyderabad Industries Ltd, on Dec 11, has informed BSE that the Company has made the final payment in respect of 11% Secured Redeemable Non-Convertible Debentures of Rs 100/- each, of the aggregate nominal value of Rs 15,00,00,000/- (Rupee Fifteen Crores only) issued for cash at par on private placement basis to Industrial Development Bank of India (IDBI).
Other companies from the sector that are looking good include Visaka Ind and Everest Ind.
