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Honda India Power shares dive 11% as company's Q4 profit shrinks

Honda India Power share: Honda India Power was last seen trading higher than the 50-day, 100-day and 200-day moving averages but lower than the 5-day and 20-day moving averages. The company's stock has a price-to-equity (P/E) ratio of 26.36. It has a price-to-book (P/B) value of 3.56.
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market analysis: Ahead of Market: 12 things that will decide stock action on Monday

Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan, said the index is headed towards the 16,800 level. "The level of 16,800, which was our medium-term target earlier, now becomes the short-term target and the medium-term target has been raised to 17,500. Thus, the short-term traders are recommended to hold on to their long positions and ride the trend for higher targets," he said. ....

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