Buy VIP Industries on dips: Somil Mehta

Buy VIP Industries on dips, says Somil Mehta of Sharekhan.

Mehta told CNBC-Awaaz, "Investors should buy VIP Industries on dips. The stock is looking good on chart. There is no indication of much downside in stock. If it goes down by 5-6% in near term then one buy it at that level.
The company's trailing 12-month (TTM) EPS was at Rs 4.80 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 36.36. The latest book value of the company is Rs 14.24 per share. At current value, the price-to-book value of the company was 12.26. The dividend yield of the company was 1.15%.