Prefer ABB, Siemens: Jai Bala

Jai Bala of 1857 Advisors told CNBC-TV18, "At the moment BSE power index is looking quite interesting and if you look at something like Siemens or ABB and BHEL, these stocks look very attractive and these might be very good pick for June series. I am looking at something like 2400 plus for BSE power index from its current level of about 2050. So, that is about good 20 per cent up side I am seeing, and of these I like ABB and Siemens the most."

ABB's trailing 12-month (TTM) EPS was at Rs 10.91 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 122.82. The latest book value of the company is Rs 132.70 per share. At current value, the price-to-book value of the company was 10.1. The dividend yield of the company was 0.28 percent.