Buy Dena Bank, says Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dena Bank.

Sukhani told CNBC-TV18, "Dena Bank crossed Rs 100. It is now at Rs 102, which is a good place to be in. It is at new highs. It should be an outperformer among public sector undertaking (PSU) banks, which means PSU banks should be an outperformer in the banking and in the overall market, so it's one of the better stock to be in."
He further added, "If one is having money and inclination then buy it and hold and short-term traders should take only one side of the trade and that is to go long in it."
The company's trailing 12-month (TTM) EPS was at Rs 18.35 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 5.54. The latest book value of the company is Rs 122.59 per share. At current value, the price-to-book value of the company was 0.83. The dividend yield of the company was 2.95%.