Buy Crompton Greaves on dips: Tulsian

Buy Crompton Greaves on dips, says Investment Advisor, SP Tulsian.

Tulsian told CNBC-TV18, "Now Crompton Greaves has started looking interesting and maybe a further fall of about 2-3% can really because generally we have seen in this capital goods space whether you take the case of ABB or maybe BHEL, similarly Crompton Greaves also falls in the same category. So at least I will be excited or I will be encouraged to buy the stock maybe on a further dip of about 2-3-4%."

The company's trailing 12-month (TTM) EPS was at Rs 11.03 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 22.85. The latest book value of the company is Rs 27.28 per share. At current value, the price-to-book value of the company was 9.24. The dividend yield of the company was 0.87%.