Nomura neutral on Patni

Ashwin Mehta, Nomura India is neutral on Patni.

Mehta told CNBC-TV18, "Within the midcaps we have three stocks under coverage. We have reduces on Mphasis and Tech Mahindra and neutral on Patni. So we do not see major upsides in the midcaps from current levels."
Patni Computer trailing 12-month (TTM) EPS was at Rs 44.95 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 6.45. The latest book value of the company is Rs 219.64 per share. At current value, the price-to-book value of the company was 1.32. The dividend yield of the company was 21.72%.