Invest in HDFC Bank: Puneet Kinra

Puneet Kinra of Bonanza Portfolio feels that one should invest in HDFC Bank.

Kinra told CNBC-Awaaz, "Investors should invest in HDFC Bank at around Rs 450-490. The stoploss for this buying would be Rs 435. The stock can touch Rs 550-600 in next 6-12 months time."
The company's trailing 12-month (TTM) EPS was at Rs 17.97 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 27.34. The latest book value of the company is Rs 108.61 per share. At current value, the price-to-book value of the company was 4.52. The dividend yield of the company was 0.67%.