Buy Hindalco Industries: Anu Jain

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Hindalco looks weak for intraday: Astroprofit Buy Hindalco Industries: Dharmesh Dalal Hindalco has resistance at Rs 179: Anu Jain ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Hindalco See messages about Hindalco Hindalco BSE | NSE 09/02/12 Are Mutual Funds betting on Hindalco?

Buy Hindalco Industries , says Anu Jain , IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "Hindalco is moving into new territory, it is probably headed towards Rs 192. I think one can keep a stoploss of Rs 180 and still buy it. I am very bullish on stock."

At 13:11 hrs the share was quoting at Rs 183.20, up Rs 5.00, or 2.81% with volumes of 1,613,445 shares. Market capitalisation stands at Rs 35,054.09 crore.

The company's trailing 12-month (TTM) EPS was at Rs 7.16 per share. The stock's price-to-earnings (P/E) ratio was 25.57. The latest book value of the company is Rs 124.26 per share. At current value, the price-to-book value of the company was 1.47. The dividend yield of the company was 0.74%.