Buy tea stocks, says Baliga

Ambareesh Baliga, COO, Way2Wealth is of the view that one can buy tea stocks.

Baliga told CNBC-TV18, "The way the tea prices are moving up and expected to again move up over the next couple of months, I think it’s a great time to buy tea stocks, because after a long time we have seen a good move. We have been picking up stocks like Goodricke, Jayshree Tea and Mcleod Russel."

Mcleod Russel's trailing 12-month (TTM) EPS was at Rs 21.22 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 14.85. The latest book value of the company is Rs 107.58 per share. At current value, the price-to-book value of the company was 2.93. The dividend yield of the company was 1.9%.