Buy Amara Raja, HDFC: Sukhani

Buy Amara Raja and HDFC on decline, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Amara Raja has a remarkable chart. It is making these new 52 week highs at regular intervals. Clearly here is a stock that you want to buy on any correction or dip or if you have the guts, even now.”
He further added, “I would buy HDFC. Earlier also I had suggested there was a day when it fell 2-2.5%. These are buying opportunities. The Nifty is going to be carried up if it is by these heavy weights and that includes HDFC and HDFC Bank.”
Amara Raja is trailing 12-month (TTM) EPS was at Rs 17.34 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 20.98. The latest book value of the company is Rs 96.42 per share. At current value, the price-to-book value of the company was 3.77. The dividend yield of the company was 1.04%.