Buy Havells India, says Sudarshan Sukhani

Buy Havells India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Havells India is now having a mild correction and that correction is stopping at a strong  support level. It is anybody’s guess where this will go, but I would say that a lot of stocks have surprised on the upside  in terms of price movements, so Havells could easily do that. I would be a buyer in Havells. As usual keep a stop loss.  The sense is that the mild correction has already taken place here."
The share touched its 52-week high Rs 699.20 and 52-week low Rs 436.40 on 16 January, 2013 and 23 January,  2012, respectively. Currently, it is trading 4.91% below its 52-week high and 52.35% above its 52-week low. Market  capitalisation stands at Rs 8,295.65 crore.
The company's trailing 12-month (TTM) EPS was at Rs 22.09 per share. (Sep, 2012). The stock's price-to-earnings
(P/E) ratio was 30.10. The latest book value of the company is Rs 128.90 per share. At current value, the price-to-book  value of the company was 5.16. The dividend yield of the company was 0.98%.