Kajaria Ceramics looks good for long term: Mehta

Kajaria Ceramics looks good for long term, says Devang Mehta, Vice President and Head - Equity Sales, Anand Rathi Financial Services.

Mehta told CNBC-TV18, "We do like Kajaria Ceramics. We had come up with a report on Kajaria Ceramics just two months back, we are in fact seeing good bit of profits for our clients. We are advising them to probably book partial profits but Kajaria Ceramics really looks good for the longer term point of view as well."
The company's trailing 12-month (TTM) EPS was at Rs 8.24 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 12.48. The latest book value of the company is Rs 30.25 per share. At current value, the price-to-book value of the company was 3.4. The dividend yield of the company was 1.95%.