Remain invested in DCB: Nooresh Merani

Remain invested in DCB, says Nooresh Merani of AMSEC Research.

Merani told CNBC-TV18, "Recently DCB gave a breakout around Rs 47 levels, so I would keep a stoploss just wee bit below it around Rs 46 and continue to hold on. I would expect a move to Rs 55 in the short-term. So I would suggest a short-term hold on the stock and as a short-term hold means you can hold on for another couple of week or more for this move to Rs 53-55."
The company's trailing 12-month (TTM) EPS was at Rs 1.07 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 46.21. The latest book value of the company is Rs 25.06 per share. At current value, the price-to-book value of the company was 1.97