Buy Tata Steel, says Dharmesh Kant

Dharmesh Kant of Indianivesh Securities feels that one should buy Tata Steel.

Kant told CNBC-Awaaz, "Investors should buy Tata Steel with a short term perspective. The stoploss for this buying would be Rs 430. The stock can touch Rs 465 in short term."
The company's trailing 12-month (TTM) EPS was at Rs 78.25 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 5.59. The latest book value of the company is Rs 503.19 per share. At current value, the price-to-book value of the company was 0.87. The dividend yield of the company was 2.74%.