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Oct 17, 2011, 02.41 PM IST
Rajesh Agarwal of Eastern Financiers is of the view that one should invest in Reliance Industries for long term.
Rajesh Agarwal of Eastern Financiers is of the view that one should invest in Reliance Industries for long term.
Agarwal told CNBC-Awaaz, "One should invest in Reliance Industries with a long term perspective. The stock is looking under pressure in short term due to Q2 result; so one should bet on it for long term. It can give 25-30% return in next 12-15 months time." The company's trailing 12-month (TTM) EPS was at Rs 64.43 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 12.96. The latest book value of the company is Rs 446.11 per share. At current value, the price-to-book value of the company was 1.87. The dividend yield of the company was 0.96%.
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