Buy SRF, says Ashish Tater

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Buy SRF, says Ashish Tater

Buy SRF, says Ashish Tater of Fort Share Broking.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashish Tater See what other Experts & Brokerages are saying about SRF See messages about SRF SRF BSE | NSE 01/06/12 Are Mutual Funds betting on SRF?

Buy SRF , says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "SRF is a buy from my side with a day target of Rs 325. A stock   which we have been  recommending right from Rs 160 levels and with the current announcement on the buyback of the equity, the stock  would again hog limelight with trading interest into the stock. Thus I am taking a target of Rs 325 for the day and close  to Rs 345 from trading angle."

The company's trailing 12-month (TTM) EPS was at Rs 75.70 per share. (Dec, 2010). The stock's price-to-earnings  (P/E) ratio was 4.18. The latest book value of the company is Rs 200.07 per share. At current value, the price-to-book  value of the company was 1.58. The dividend yield of the company was 4.43%.