Buy SBI around Rs 2000-2050, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "SBI like most other stocks can go through some kind of a correction on the down side where support should come at Rs 2000. So the correct way is to wait patiently for this inevitable correction to come in and buy around the Rs 2000-2050 levels. Of course sometimes the markets don't correct but then they eventually do so, so SBI remains a buy. Look for very ambitious targets, just buy it on a dip."
The company's trailing 12-month (TTM) EPS was at Rs 130.15 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 16.47. The latest book value of the company is Rs 1023.40 per share. At current value, the price-to-book value of the company was 2.1. The dividend yield of the company was 1.4%.
