Hariyana Ship Breakers:Rs.62/-

Hariyana Ship breakers has broken out of nearly 10 year consolidation range, it was stuck between 20-55 for last 10 years and now today it has broke out of it and has made an all time high which clearly indicates that the stock is poised for a healthy break out. One can expect the stock to double from the current level. the TTM EPS of the stock is 20 so quoting at a pe of 3 only. The companies EPS has increased from 9 to 27 over a period of 5 years but the stock price was stuck in range only. the fundamentals have improved a lot but price has not reflected the increased fundamentals. The company has give an EPS of 33 in the last two quarters. So the fundamentals are improving and the break out now is a good sign. so a safe bet as on now. Stop Loss Rs.400-