Tata Steel has target of Rs 480: Keval Bhanushali

Tata Steel has a target of Rs 480, says Keval Bhanushali of Keynote Capital.

Bhanushali told CNBC-TV18, "Tata Steel has a target of Rs 480 with a stop loss below Rs 460." 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 6.04. The latest book value of the company is Rs 487.55 per share. At current value, the price-to-book value of the company was 0.97. The dividend yield of the company was 2.54%. Disclosure: I do not have a position in any of the above stock. Click HERE to know the rules and follow the score card