Go long in SBI, Bharti Airtel: MF Global

Go long in SBI and Bharti Airtel, says Vineet Bhatnagar, MF Global.

Bhatnagar told CNBC-TV18, "If one is looking at a revival in terms of the sentiment change and perhaps topped up by some of the policymaking that everybody is expecting to come out from New Delhi, followed up by some follow-up action on the back of lower inflationary environment from the central bank then we are looking at long-only portfolio investors to take positions in a more sensible way and it is visible for the first 10-15 days of this particular series that there is an underlying net cash purchases from the institutional customers. In that kind of an environment taking positions on the long side for SBI as well as Bharti Airtel is clearly one that is recommended."
SBI's trailing 12-month (TTM) EPS was at Rs 130.15 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 14.62. The latest book value of the company is Rs 1251.05 per share. At current value, the price-to-book value of the company was 1.52. The dividend yield of the company was 1.84%.