May 02, 2012, 07.07 PM IST

Invest in Syndicate Bank: Jagannadham Thunuguntla

Jagannadham Thunuguntla of SMC Global, feels that one should invest in Syndicate Bank.

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Jagannadham Thunuguntla of SMC Global, feels that one should invest in Syndicate Bank .


Thunuguntla told CNBC-Awaaz, “One can invest in Syndicate bank with a long term perspective. The stock can touch Rs 180 in next 1-1.5 year time.”


The company's trailing 12-month (TTM) EPS was at Rs 18.28 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 5.37. The latest book value of the company is Rs 111.07 per share. At current value, the price-to-book value of the company was 0.88. The dividend yield of the company was 3.77%.


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