Buy Rural Electrification Corp, says Sukhani

Buy Rural Electrification Corporation (REC), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "There is no need to time Rural Electrification Corporation intraday. The stock is on a roll. It's moving up almost day by day and there is a lot more upside here. So swing traders could buy once they see strength coming in this morning whenever it comes and REC could be an exception to any softness in the market."
He further added, "It's a buying opportunity. We had this in our list earlier also and it's a buying opportunity for position traders as well."
The company's trailing 12-month (TTM) EPS was at Rs 27.90 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 7.15. The latest book value of the company is Rs 158.04 per share. At current value, the price-to-book value of the company was 1.26. The dividend yield of the company was 3.76%. Disclosure: I have no personal holding in the above stock.