Some Good Steals...
- Thread starter AMITBE
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Hi Vivek...I'm not very clear here.
The usual way to calculate PE is by dividing the last closing price of a stock by its EPS. In the case of ITC, with RS.10 face value, the last annual results put the EPS at about 88. Taking yesterday's closing price of 1929, we get roughly 21.9 as the PE.
Now with the face value of RS.1 and the number of stocks multiplied by 10, do we also dilute/divide the stated EPS by 10? If this were true, the new EPS would be 88 divided by 10= 8.8.
If then, the closing price today of 140 is divided by 8.8, we get roughly 15.9 as the PE.
BUT...all this is in the air...I'm not too sure, and just taking it logically.
Any member who has more on this, do kindly comment.
Thanks.
The usual way to calculate PE is by dividing the last closing price of a stock by its EPS. In the case of ITC, with RS.10 face value, the last annual results put the EPS at about 88. Taking yesterday's closing price of 1929, we get roughly 21.9 as the PE.
Now with the face value of RS.1 and the number of stocks multiplied by 10, do we also dilute/divide the stated EPS by 10? If this were true, the new EPS would be 88 divided by 10= 8.8.
If then, the closing price today of 140 is divided by 8.8, we get roughly 15.9 as the PE.
BUT...all this is in the air...I'm not too sure, and just taking it logically.
Any member who has more on this, do kindly comment.
Thanks.
Hi Gurdeep...it's your call.
As was seen today, it's the index scrips that are driving this rally and the bounce back in the bigcaps today affirms this.
Hindalco is a good counter looking ahead, but should the market take another sharp jolt in the coming days, the s/l mark is 148. Watch it close for any upside for now and sell out above your entry if there is a dip, is all I can say.
Regards.
As was seen today, it's the index scrips that are driving this rally and the bounce back in the bigcaps today affirms this.
Hindalco is a good counter looking ahead, but should the market take another sharp jolt in the coming days, the s/l mark is 148. Watch it close for any upside for now and sell out above your entry if there is a dip, is all I can say.
Regards.
ncdx said:
Hi Amit..
I am stuck into vsnl @ 400 levels..
how do you read the charts of vsnl.. any target in near future?? also having bharti of 220 levels... looking @ the pace of bharti i entered into vsnl.. now i think that was a mistake...
I am stuck into vsnl @ 400 levels..
how do you read the charts of vsnl.. any target in near future?? also having bharti of 220 levels... looking @ the pace of bharti i entered into vsnl.. now i think that was a mistake...
Below 380, the next supports are at 378-374-372. See how it goes and take it from there.
Regards.
saint said:
Hi Amit, Your NTPC is still doing great........nice one.Your patience paid off........great going!! Saint
Saint
Anyway, I too believe we are not completely out of the woods yet, but look at the way there is crazed buying at lower levels everytime.
Was listening to some reports on the tv, and the conjecture being made was, that there was a dip in the Dollar vs. the Rupee, and it seems the FIIs may well have been buying the Rupee heavily to invest in the markets at lower levels. Further it seems, the market began to move up a little after this went on.
Makes you wonder, eh?
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