The market cap of the stock is 1782.06. The PE Ratio of the stock is 41.77 and that of industry is 40.38. The EPS(TTM) of the stock is 1.10. The financial results ending year march 2010 has not been very satisfactory.
The stock has corrected and has taken a support at the levle of 40.15 after that it has started to rise. There are threee resistances in it's upwards move, the 200 day simple moving avg, 100 day simple moving avg and 50 day simple moving avg, making a resistance area of 48.59 to 50.84 which is very diffiult to cross. The MACD has crossed the signal line above which is bullish but still is below zero line which is bearish. The RSI is rising and above 50 level which is bullish sign. All this conclude to if stock price crosses the resistance area of 48.59 to 50.84 then the bulls will be dominating and it can see the levels of 58.19 which is about 16% profit in short term.
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