May 11, 2013, 02.48 PM | Source: CNBC-TV18
One can buy IndusInd Bank, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
He further added, "We should be buying IndusInd Bank and how do we buy it? We buy it when there is a small narrow range intraday or on a daily basis. Whenever the stock contracts for a few hours there is a momentum buying opportunity. These are short-term trades but I would be a buyer here."
At 12:14 hrs IndusInd Bank was quoting at Rs 507.80, up Rs 2.05, or 0.41 percent. It has touched a 52-week high of Rs 509.05.
The company's trailing 12-month (TTM) EPS was at Rs 20.29 per share. (Mar, 2013). The stock's price-to-earnings (P/E) ratio was 25.03. The latest book value of the company is Rs 87.30 per share. At current value, the price-to-book value of the company was 5.82. The dividend yield of the company was 0.43 percent.
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