Buy DLF on dips, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas is of the view that one should buy DLF on dips.

Shah told CNBC-Awaaz, "Investors should buy DLF on dips. The stock is looking under pressure due to bad news. There is strong indication of downside and it may go down to Rs 205-210. One can buy it at that level."
The company's trailing 12-month (TTM) EPS was at Rs 6.82 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 33.49. The latest book value of the company is Rs 81.35 per share. At current value, the price-to-book value of the company was 2.81. The dividend yield of the company was 0.88%.