Jul 02, 2013, 11.29 AM IST
Siddharth Bhamre of Angel Broking is of the view that one can buy Reliance Industries at lower levels.
Siddharth Bhamre of Angel Broking told CNBC-TV18, "We have been very optimistic on Reliance Industries . Don't expect significant correction and keep buying at lower levels."
The share touched its 52-week high Rs 954.80 and 52-week low Rs 721.90 on 21 January, 2013 and 26 July, 2012, respectively. Currently, it is trading 7.53 percent below its 52-week high and 22.31 percent above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 61.26 per share. (Mar, 2013). The stock's price-to-earnings (P/E) ratio was 14.41. The latest book value of the company is Rs 557.37 per share. At current value, the price-to-book value of the company was 1.58. The dividend yield of the company was 1.02 percent.
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