Buy Reliance Industries on dips: Somil Mehta

Somil Mehta of Sharekhan feels that one should buy Reliance Industries on dips.

Mehta told CNBC-Awaaz, "Investors should buy Reliance Industries on dips. The stock is trading with decline due to bad Q2 result but one can buy this stock on dips. It can give attractive return in future. It has good support around Rs 830-835."
The company's trailing 12-month (TTM) EPS was at Rs 64.43 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 12.99. The latest book value of the company is Rs 446.11 per share. At current value, the price-to-book value of the company was 1.88. The dividend yield of the company was 0.96%.