Buy Kalindee Rail With Stop Loss Of Rs 110

Buy Kalindee Rail With Stop Loss Of Rs 110Technical analyst MB Singh has maintained 'buy' rating on Kalindee Rail Nirman (Engineers) Limited stock.

According to analyst, the stock can be purchased with a stop loss of Rs 110.

The stock of the bank, on February 09, closed at Rs 125.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 224.80 and a low of Rs 115 on BSE.

Kalindee Rail Nirman (Engineers) has registered a phenomenal increase in standalone net profit for the three month period ended December 2010.

During the October-December period, Kalindee Rail Nirman (Engineers) Limited's profit increased 6.91 times to Rs 17.77 million as compared to Rs 2.57 million during the corresponding period of last year.

Net sales during the quarter under review dropped slightly 4.21% to Rs 360 million.

The company's total income for October-December period declined marginally 2.71% to Rs 366.20 million as against the prior year period.

The company's posted earnings per share (EPS) of Rs 1.45 a share in the quarter, recording 72.50 times increase over prior year period.