Sell Alstom Projects With Target Of Rs 591

Sell Alstom Projects With Target Of Rs 591Stock market analyst Hemen Kapadia has maintained 'sell' rating on Alstom Projects India Ltd stock with intra-day target of Rs 591.

According to analyst, the investors can sell the stock with stop loss of Rs 603.

Today, the stock opened at Rs 594.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 642.25 and a low of Rs 435 on BSE.

Current EPS & P/E ratio stood at 24.95 and 23.89 respectively.

Alstom Projects India Ltd declared that the company's Register of Members & Share Transfer Books will remain closed from July 13, 2010 to July 21, 2010 (both days inclusive) for the purpose of Payment of Dividend & 18th AGM to be held on July 21, 2010.

Alstom Projects India Ltd or Alstom India is the Indian subsidiary of the France-based MNC Alstom.

Alstom Projects India deals with production of power supply generation equipment and rail equipment.

The parent company Alstom is a worldwide leader in power supply generation equipment and rail equipment.

It functions in 70 nations, and employs around 65,000 employees.

Moreover, Alstom is a leader in the manufacturing of eco friendly technologies in power generation and railway infrastructure.