Good Numbers: Bhansali Engg (BSE: 500052, CMP: 113). Revised Target of 142. SL 95. 3 months.
Stock is running away on consecutive good numbers. Book value is closer to 10. Price to book little worrying above 10. We do not consider it a good long term buy. Fresh investors will remain shy of the stock. We will hold the stock with Caution for exactly 3 months. We will try to book profits closer to next quarterly results.
Warning: Avoid fresh buys. Price to Book above 10.
We have a upper target limit at 168.