Accumulate SBI, says Sajiv Dhawan

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Hold SBI, says Sudarshan Sukhani ALSO READ See previous views by Sajiv Dhawan See what other Experts & Brokerages are saying about SBI See messages about SBI SBI BSE | NSE 10/02/12 Are Mutual Funds betting on SBI?

Accumulate SBI , says Sajiv Dhawan of JV Capital Services.

Dhawan told CNBC-TV18, "We like SBI. We are bullish on the banking sector. We would buy on declines especially SBI."

He further added, "I think SBI is very well positioned and the fact that the government has made some decision, I think that's only positive for the stock and you could see some further institutional interest in this counter. The downside is pretty much limited now, so accumulate and buy the stock for the medium to longer term perspective."

Market capitalisation stands at Rs 129,864.75 crore. The company touched its 52 week high Rs 2,500.00 and 52 week low Rs 935.00 on 16 Oct, 2009 and 12 Mar, 2009, respectively. Currently, it is trading -18.18% below its 52-week high and 118.77% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 158.17 per share. The stock's price-to-earnings (P/E) ratio was 12.93. The latest book value of the company is Rs 912.73 per share. At current value, the price-to-book value of the company was 2.24. The dividend yield of the company was 1.42%.