Tata Power looks good: Kapadia

Tata Power is looking good, says Hemen Kapadia, CEO, chartpundit.com.

Kapadia told CNBC-TV18, "Tata Power looks good. I think we are in an intermediate uptrend. You have another clear Elliott Wave count coming in. Stock looks good, further upside expected. So, Tata Power would be my technical pick."

The company's trailing 12-month (TTM) EPS was at Rs 4.09 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 27.75. The latest book value of the company is Rs 47.36 per share. At current value, the price-to-book value of the company was 2.4. The dividend yield of the company was 1.1%.

Disclosure: No personal positions in any of the individual stocks. Nifty, I have return puts and I normally have a permanent position in the Nifty whether in calls or puts. Indirect interest, because I address quite a few people.