Buy Harrisons Malyalam, says Sukhani

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Harrisons Malay See messages about Harrisons Malay Harrisons Malay BSE | NSE 10/02/12 Are Mutual Funds betting on Harrisons Malay?

Buy Harrisons Malyalam , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "I prefer Harrisons Malyalam for the simple reason that Mcleod Russel has come in the Futures & Options (F&O) segment; it's been focused on a lot. Harrisons is emerging from a very decent bullish pattern, so the targets for Harrisons Malyalam are visible and clear rather than speculative."

He further added, "I think Harrisons Malyalam is a buying opportunity for today as well as for a position trader."

Harrisons Malyalam touched an intraday high of Rs 132.40 and an intraday low of Rs 129. At 09:28 hrs the share was quoting at Rs 131.00, up Rs 3.60, or 2.83% with volumes of 37,724 shares. Yesterday the share closed up 1.07% or Rs 1.35 at Rs 127.40.

The company's trailing 12-month (TTM) EPS was at Rs 1.91 per share. The stock's price-to-earnings (P/E) ratio was 68.59. The latest book value of the company is Rs 91.43 per share. At current value, the price-to-book value of the company was 1.43. The dividend yield of the company was 1.15%.

Disclosure: I own shares of Harrisons Malyalam.