Buy JSW Energy on dips: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy JSW Energy on dips.

Sukhani told CNBC-TV18, "Yesterday we had a very big rally in JSW Energy and charts suggest that this rally is going to sustain. We can't buy now, it has to correct, it has to consolidate after that big up move but the buying option is there probably not today."
The share touched its 52-week high Rs 76.80 and 52-week low Rs 45.50 on 17 February, 2012 and 31 May, 2012, respectively. Currently, it is trading 3.32% below its 52-week high and 63.19% above its 52-week low. Market capitalisation stands at Rs 12,177.41 crore.
The company's trailing 12-month (TTM) EPS was at Rs 5.40 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 13.76. The latest book value of the company is Rs 37.55 per share. At current value, the price-to-book value of the company was 1.98. The dividend yield of the company was 0.67%.