Buy Dhanlaxmi Bank, says Baliga

Buy Dhanlaxmi Bank, says Ambareesh Baliga, Karvy Stock Broking.

Baliga told CNBC-TV18, "In private sector banks its Axis Bank and HDFC Bank among the larger ones and among the smaller ones we are looking at Dhanlaxmi. Even at the current levels, we are buying Dhanlaxmi but for Axis Bank and HDFC Bank we will wait for a while to buy at lower levels." Dhanlaxmi Bank trailing 12-month (TTM) EPS was at Rs 1.71 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 65.88. The latest book value of the company is Rs 96.43 per share. At current value, the price-to-book value of the company was 1.17. The dividend yield of the company was 0.89%.