Pick IVRCL Infra for long term: Kulkarni

Pick IVRCL Infrastructure and Projects with long term perspective, says Shardul Kulkarni, Angel Broking.

Kulkarni told CNBC-TV18, "As a brokerage house, we have recommended IVRCL to lot of investors. The company is quite fundamentally good. The execution delays are there, but I think looking from a fundamental perspective, you can probably start cherry-picking into the counters, but mind you the timeframe will be quite long." The company's trailing 12-month (TTM) EPS was at Rs 6.83 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 9.37. The latest book value of the company is Rs 69.30 per share. At current value, the price-to-book value of the company was 0.92. The dividend yield of the company was 1.25%.