SP Tulsian cautious on IRB Infrastructure

SP Tulsian, sptulsian.com cautious on IRB Infrastructure Developers.

Tulsian told CNBC-TV18, "I have been maintaining my cautious view on IRB Infrastructure Developers and I will continue to do so, because the controversy which has now come in and the kind of liquidations which we have seen yesterday in the stock cannot really be taken purely from the investors, because I would say more the accommodation investments or maybe the short-term investors having invested in the stock on some understanding and all that you can loosely call it as structured investments are all seem to be coming out of the stock and definitely that negative perception will remain and I don’t think that things are too exciting even on the fundamental front. So definitely we will keep away from the stock."
The company's trailing 12-month (TTM) EPS was at Rs 2.71 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 52.29. The latest book value of the company is Rs 42.45 per share. At current value, the price-to-book value of the company was 3.34. The dividend yield of the company was 1.06%.