Enter Reliance Industries at Rs 720: Tulsian

184172 Investors following Reliance. Share this News with them.

0

Like this story, share it with millions of investors on M3

Enter Reliance Industries at Rs 720: Tulsian

Enter Reliance Industries at Rs 720, says SP Tulsian, sptulsian.com.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Reliance See messages about Reliance

Enter Reliance Industries at Rs 720, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "In Reliance Industries probably Rs 720 will be the ideal level for entering into because if you have a bearish view ahead after the expiry of January series and the Reliance has a lot of trading component now from here on going forward. I don't think that there is any fundamental news. So, one has to really play on the trading flavour on the stock. In that scenario, I will look to enter only at Rs 720, not above those levels."

The company's trailing 12-month (TTM) EPS was at Rs 61.97 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 12.40. The latest book value of the company is Rs 446.11 per share. At current value, the price-to-book value of the company was 1.72. The dividend yield of the company was 1.04%.