Malkan told CNBC-TV18, "The high beta stocks were badly beaten up and once the liquidity comes in the first thing which goes up are all the midcaps, which have been badly beaten up. But looking at the dry, which has happened in the last one month I think it is nearing some exhaustion and it should take some resistance around Rs 32-33 levels and there should be a dip to buy. Buying at these levels would be having a huge stop loss. So buying on dips would be a wise thing to do.
The company's trailing 12-month (TTM) EPS was at Rs 1.95 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 14.74. The latest book value of the company is Rs 35.48 per share. At current value, the price-to-book value of the company was 0.81. The dividend yield of the company was 0.35%.
