Jindal Saw will outperform: Thukral

Jindal Saw and Bata India will outperform their peers in coming trading sessions also, says Hemant Thukral, Head - Derivatives Research, SBI Capital Securities.

Thukral told CNBC-TV18, "We all know what has happened with midcaps but few midcaps still managed to form long positions. Something like Jindal Saw, Bata India but they have been very exceptional. I think lots of midcaps are seeing lot of unwinding pressures or shorts being build up but these two names have been exception and will out perform their peers in coming trading sessions also." Jindal Saw trailing 12-month (TTM) EPS was at Rs 21.77 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 9.69. The latest book value of the company is Rs 128.04 per share. At current value, the price-to-book value of the company was 1.65. The dividend yield of the company was 0.59%.