Vijaya Bank is an attractive bet, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "While most banks are now buying opportunities it is possible for traders to focus on Vijaya Bank which has been consolidating in a trading range and has broken out today morning. We have to understand that banks can also correct or consolidate but with that understanding, for people who want to take positions for a few days, Vijaya Bank remains an attractive idea.'
The company touched its 52-week high Rs 93.60 and 52-week low Rs 43.85 on 21 Apr, 2011 and 02 Jan, 2012, respectively. Currently, it is trading -32.16% below its 52-week high and 44.81% above its 52-week low. Market capitalisation stands at Rs 3,001.43 crore.
The company's trailing 12-month (TTM) EPS was at Rs 11.08 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 5.73. The latest book value of the company is Rs 70.31 per share. At current value, the price-to-book value of the company was 0.9. The dividend yield of the company was 3.94%.
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