DLF can move to Rs 190: Jitender Kumar

DLF can move to Rs 190, says Jitender Kumar, CMT, SBICap Securities.

Kumar told CNBC-TV18, "Now the bears are riding in DLF a lot and there is some support coming at Rs 200 levels given the call and put action there, some put is written over there but given huge open interest build-up for the last three-four days I feel Rs 200 can be broken to decline and stock can move to Rs 190 levels. This is purely bears riding and there is still not profit booking on the short side."
The company's trailing 12-month (TTM) EPS was at Rs 7.48 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 27.34. The latest book value of the company is Rs 65.97 per share. At current value, the price-to-book value of the company was 3.1. The dividend yield of the company was 0.98%.