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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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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