Buy SKS Microfinance around Rs 125: SP Tulsian

Published on Thu, Feb 16, 2012 at 18:32 |  Source : CNBC-TV18

Updated at Fri, Feb 17, 2012 at 17:32  

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SP Tulsian, sptulsian.com

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Buy SKS Microfinance around Rs 125, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "SKS Microfinance, I think Rs 125 is the right level where one can again think of moving back into the stock because generally we see that after a huge run-up of about 7 to 10 days the stock takes a pause and maybe the profit booking comes in. So this profit booking can bring it down to about Rs 125, but if somebody can enter in the stock at those levels they can expect a price of Rs 160-170 in next couple of months or so."

The company's trailing 12-month (TTM) EPS was at Rs 15.43 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 8.84. The latest book value of the company is Rs 244.82 per share. At current value, the price-to-book value of the company was 0.56.

  

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