JM Financial may go upto Rs 33-35: Nooresh Merani

Nooresh Merani of AMSEC told CNBC-TV18, "In JM Financial technically we are looking at a short-term breakout and the target implication is closer to Rs 33-35 zone where it has a lot of resistance as well. So, in the short-term we may expect Rs 33-35 where the trade should book out and then look for buying it around dips to Rs 28-29. I believe it should remain in a trading band between Rs 28 to Rs 35 over the next few weeks."

The company's trailing 12-month (TTM) EPS was at Rs 0.13 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 237.31. The latest book value of the company is Rs 21.45 per share. At current value, the price-to-book value of the company was 1.44. The dividend yield of the company was 2.92 percent.