Indiabulls Finance may test Rs 270- 275: Malkan

Malkan told CNBC-TV18, “ Dena Bank as one candidate which looks good on the charts right now with a strong base around Rs 80-85. I would look at targets for around Rs 120-125 in the coming weeks.”

He further added, “Indiabulls Finance is looking good on the charts and I think a break of above Rs 240 would be a good breakout and it can go up to around Rs 270-275 in the short-term.”

The company's trailing 12-month (TTM) EPS was at Rs 19.57 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 11.80. The latest book value of the company is Rs 133.33 per share. At current value, the price-to-book value of the company was 1.73. The dividend yield of the company was 4.33%.