Vishal Malkan of malkansview.com told CNBC-TV18, "I have one buy and one sell today for a reverse trade tomorrow. First would be Tech Mahindra which one can buy with a stoploss of Rs 2,520 for targets of Rs 2,590 and the other would be a short trade for Indian Oil Corporation (IOC) with a stoploss of Rs 337 for targets of Rs 315."
IOC's trailing 12-month (TTM) EPS was at Rs 41.40 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 8.01. The latest book value of the company is Rs 271.80 per share. At current value, the price-to-book value of the company was 1.22. The dividend yield of the company was 2.62 percent.
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