With today's high valuations for most of the stocks, can you think of a company, which is profitable, nearly debt-free, its products consumed both in India and abroad and a book value of 70, but which is trading at only Rs 16 (P/BV is just 0.24, P/E is 12 against an industry P/E of 23)?
Yes, it is difficult to find. And TEESTA AGRO (BSE: 524204) is one such company. The market will discover and cash in on this aberration soon. Buy on dips near 16 or below for a medium term target of 21 (+31%) and a long term 18-24 month target of 36 (+125%)
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