Polaris still seems to be the best bet here but now I would still be cautious in this sector, says Jai Bala, Chief Market Technician, Cashthechaos.com.
Bala told CNBC-TV18, "Polaris still seems to be the best bet here but now I would still be cautious in this sector and I would like to take about one-eighth of the position that we usually take and it is not something that is encouraging because the CNX-IT has once again slipped below the 200 day moving average and I think this could be a short-term positive for the midcap IT space but I am sure they will join us larger peers and they will start to trend down."
The company's trailing 12-month (TTM) EPS was at Rs 18.85 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 10.92. The latest book value of the company is Rs 97.51 per share. At current value, the price-to-book value of the company was 2.11. The dividend yield of the company was 1.7%.
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