BALAJI TELEFILMS
Monday, December 7, 2009 9:03 amCOMPANY NAME- BALAJI TELEFILMS
RECOMMENDATION – BUY
CURRENT PRICE – 54
TARGET – 65
TIME FRAME – 1 MONTH
COMPANY BASIC INFORMATION
ISIN Id – INE794B01026
BSE Id – 532382
NSE Id – BALAJITELE
INDUSTRY – Media & Entertainment
Market Cap – 353.11
Book Value – 59.63
EPS (TTM) -
Price/Book – 0.91
Face Value – 2.00
P/E -
Div(%) – 15.00
Industry P/E – 32.89
P/C – 17.81
Div Yield (%) – 0.55
STOCK PRICE HISTORY( NSE)
All Time High – 662.50
All Time Low – 24.80
52 Week High – 85.90
52 Week Low – 24.80
DAILY CHART-
Recommendation-
Balaji Telefilms stock has corrected more than 40 % from its 52 weeks high made in the month of September this year. After such a sharp correction it has consolidated for around 2 months at Rs.50 levels which happen to be near its 200 SMA also. The stock is now forming a bullish pattern in the form of Double Bottom and is ready to rally from the current levels. Keeping a very close stop loss below Rs.50, we reiterate a Buy on the stock for short term target of Rs.65.