IDBI Bank is a top pick, says Prakash Diwan, Asit C Mehta Investment.
Diwan told CNBC-TV18, "The value buying that could possibly emerge. I would say look at some of the actively, the midcap banks, IDBI Bank is the one that we have got to picked up for clients recently, it's a very selective. Nobody is kind of in a hurry to look at buying at this point, but selectively yes, some of these midcap banks, whichever looked promised and we have been adding and accumulating all those."
The company's trailing 12-month (TTM) EPS was at Rs 16.76 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 5.28. The latest book value of the company is Rs 128.69 per share. At current value, the price-to-book value of the company was 0.69. The dividend yield of the company was 3.95%.
