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May 21, 2012, 05.33 PM IST
Limited downside is seen in Tata Steel, says Ambareesh Baliga, COO, Way2Wealth.
Baliga told CNBC-TV18, “Tata Steel I don’t see too much of a downside from here. In fact we were looking at levels of Rs 380-400 and in fact it has come close to that so from here we don’t see too much of a downside. But someone investing at these levels should be willing to wait at least for a year, year and a half for decent returns.”
The company's trailing 12-month (TTM) EPS was at Rs 71.58 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 5.62. The latest book value of the company is Rs 497.09 per share. At current value, the price-to-book value of the company was 0.81. The dividend yield of the company was 2.98%.
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