SP Tulsian of sptulsian.com told CNBC-TV18, "In Dena Bank if we see the track record, 47 percent dividend announced for FY13 and prior to that it was 30 percent. The earnings per share (EPS) for FY13 was Rs 23, so price to earning (PE) multiple is 2.1-2.2."
"Investors will stand to gain from the dividend yield plus capital appreciation, so minimum downside risk and good long-term potential. Even if we take the short-term view for this expiry, the stock can give a return of about 8-10 percent from the current level," Tulsian said.
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