Buy Power Grid Corporation of India, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, “Power Grid Corporation of India has a good chart. It’s gone through a deep correction. Now this stock is a buying opportunity.”
The share touched its 52-week high Rs 124.45 and 52-week low Rs 103.50 on 05 September, 2012 and 15 May, 2012, respectively.Currently, it is trading 10.73 percent below its 52-week high and 7.34 percent above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 6.42 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 17.31. The latest book value of the company is Rs 51.80 per share. At current value, the price-to-book value of the company was 2.14. The dividend yield of the company was 1.9%.