Buy Hindalco, says Manas Jaiswal

Manas Jaiswal, Technical Analyst of Emkay Global is of the view that one should buy Hindalco.

Jaiswal told CNBC-Awaaz, "Investors should buy Hindalco at Rs 126-127 with a short term perspective. The stoploss for this buying would be Rs 120. The stock can touch Rs 135 in coming days."
The company's trailing 12-month (TTM) EPS was at Rs 12.09 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 10.86. The latest book value of the company is Rs 155.11 per share. At current value, the price-to-book value of the company was 0.85. The dividend yield of the company was 1.14%.