Buy Torrent Power, target Rs 203: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "If Torrent Power opens weak, maybe 2-3 percent down from the previous close, around Rs 185-186 level, I think that could be an interesting point to enter the stock and if you are looking at the medium-term then we are looking at Rs 203 as a price target. So I would like to look at it from a slightly medium-term perspective, at least a holding pattern of about two-three months. So with Rs 181 as stop loss, I would recommend buying."The company's trailing 12-month (TTM) EPS was at Rs 23.95 per share. (Sep, 2015). The stock's price-to-earnings (P/E) ratio was 7.85. The latest book value of the company is Rs 143.92 per share. At current value, the price-to-book value of the company was 1.31. The dividend yield of the company was 0.8 percent.