Feb 26, 2013, 11.12 AM | Source: CNBC-TV18

Buy DLF on dips: Sudarshan Sukhani

Buy DLF on dips, says Sudarshan Sukhani of s2analytics.com.

Buy DLF on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Another Rs 10 correction in DLF is possible but I would use any dip in DLF on a sense that the correction is over to buy it. I would not short it. The chart patterns are attractive for long-term traders.”

At 10:57 hrs DLF was quoting at Rs 273.00, up Rs 1.30, or 0.48%. It has touched an intraday high of Rs 274.25 and an intraday low of Rs 270.10.

The share touched its 52-week high Rs 283 and 52-week low Rs 169.55 on 25 February, 2013 and 04 June, 2012, respectively. Currently, it is trading 3.53% below its 52-week high and 61.01% above its 52-week low. Market capitalisation stands at Rs 46,373.62 crore.

The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 44.53. The latest book value of the company is Rs 85.34 per share. At current value, the price-to-book value of the company was 3.2. The dividend yield of the company was 0.73%.

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