Buy Hindalco on dips: Rajesh Satpute

Rajesh Satpute of Mangal Keshav Securities is of the view that one should buy Hindalco on dips.

Satpute told CNBC-Awaaz, "Investors should buy Hindalco on dips with short term perspective. The stoploss for this buying would be Rs 110-115. The stock may go upto Rs 165-170 in coming days."
The company's trailing 12-month (TTM) EPS was at Rs 11.73 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 10.95. The latest book value of the company is Rs 155.11 per share. At current value, the price-to-book value of the company was 0.83. The dividend yield of the company was 1.17%.