Buy IRB Infrastructure, says Sukhani

One can buy IRB Infrastructure Developers, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "IRB Infrastructure Developers is giving a sense of some kind of momentum on the upside.  All this depends on how the Nifty behaves. But within whatever constraints we have to work in, I would be a buyer in  IRB. If there is a dip, if there is a minor consolidation, if the Nifty does not fall anymore IRB probably justifies buying.  There is a bullish pattern. It has broken out.”
The company's trailing 12-month (TTM) EPS was at Rs 6.79 per share. (Dec, 2012). The stock's price-to-earnings  (P/E) ratio was 18.02. The latest book value of the company is Rs 45.64 per share. At current value, the price-to-book  value of the company was 2.68. The dividend yield of the company was 1.47%.
The share touched its 52-week high Rs 207 and 52-week low Rs 100.25 on 21 March, 2012 and 14 May, 2012,  respectively. Currently, it is trading 40.89% below its 52-week high and 22.04% above its 52-week low. Market  capitalisation stands at Rs 4,066.47 crore.