SENSEX NIFTY
May 14, 2012, 11.09 AM IST | Source: CNBC-TV18

Buy Hindalco for long term: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas feels that one should buy Hindalco with a long term view.

Gaurang Shah of Geojit BNP Paribas feels that one should buy Hindalco with a long term view.

Gaurang told CNBC-Awaaz, "One Should buy Hindalco at current price level with a long term perspective, keep a stoploss of Rs 104. The stock may go up to Rs 171 in one-year time."

The company's trailing 12-month (TTM) EPS was at Rs 11.16 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 10.52. The latest book value of the company is Rs 155.07 per share. At current value, the price-to-book value of the company was 0.76. The dividend yield of the company was 1.28%.

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