Buy Arshiya International With Target Of Rs 325

Buy Arshiya International With Target Of Rs 325Technical analyst D Prasad has maintained 'buy' rating on Arshiya International Limited stock with a target of Rs 325.

According to analyst, the investors can buy the stock with a stop loss of Rs 269.

Mr. Prasad said that the stock can achieve the target within a period of one month.

The stock of the company, on December 02, closed at Rs 283.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 363.40 and a low of Rs 151 on BSE.

Current EPS & P/E ratio stood at 3.13 and 93.19 respectively.

Arshiya International Ltd declared a sturdy set of Q2FY11 numbers with consolidated total income of Rs 1.95 billion as compared to Rs 1.18 billion during Q2FY10, recording a growth of 64%.

Consolidated EBIDTA for the period under review grew by 65% to Rs 330 million as compared to Rs 200 million during the same period of last year.

The company's consolidated net profit increased by 38% to Rs 180 million as against Rs 130 million during the same quarter of 2009.

For H1FY11 consolidated total revenue remained at Rs. 372 crore as compared to Rs 2.19 billionn during the same period of 2009, recording an increase of 70%.

The EBITDA for H1FY11 stood at Rs 620 million as compared to Rs 370 million in the same period last year.