Go long on Indiabulls Financial: Salil Sharma

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Go long on Indiabulls Financial: Salil Sharma

Go long on Indiabulls Financial, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Salil Sharma See what other Experts & Brokerages are saying about Indiabulls See messages about Indiabulls Indiabulls BSE | NSE 30/05/12 Are Mutual Funds betting on Indiabulls?

Go long on Indiabulls Financial , says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

Sharma told CNBc-TV18, "Indiabulls Financial is not looking bad. One could go long with a minor stop loss around 2% below the current levels."

The company's trailing 12-month (TTM) EPS was at Rs 19.57 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 8.81. The latest book value of the company is Rs 133.46 per share. At current value, the price-to-book value of the company was 1.29. The dividend yield of the company was 5.8%.