Buy HDFC Bank on dips: TS Anantakrishnan

Buy HDFC Bank on dips, says TS Anantakrishnan, Head - Prime Wealth Management.

Anantakrishnan told CNBC-TV18, "We like the private banks relative to the PSU typically. In a raising interest rate environment the private banks perform much better, so we are bias at this point of ICICI Bank and Axis Bank. We think HDFC Bank would be a buy at any dip." HDFC Bank trailing 12-month (TTM) EPS was at Rs 72.95 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 28.48. The latest book value of the company is Rs 464.78 per share. At current value, the price-to-book value of the company was 4.47. The dividend yield of the company was 0.58%.