Buy ABG Shipyard on dips: Jatinder Kumar

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Buy ABG Shipyard on dips: Jatinder Kumar

Jatinder Kumar of SBI Capital Securities feels that one should buy ABG Shipyard on dips.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Jatinder Kumar See what other Experts & Brokerages are saying about ABG Shipyard See messages about ABG Shipyard

Jatinder Kumar of SBI Capital Securities feels that one should buy ABG Shipyard on dips.

Kumar told CNBC-Awaaz, "Investors should buy ABG Shipyard on dips at near Rs 387-388. The stock may go upto Rs 405 in coming days."

The company's trailing 12-month (TTM) EPS was at Rs 39.05 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 10.01. The latest book value of the company is Rs 243.66 per share. At current value, the price-to-book value of the company was 1.6. The dividend yield of the company was 1.02%.