SP Tulsian of sptulsian.com is of the view that one can buy Jain Irrigation Systems .
Tulsian told CNBC-TV18, "Jain Irrigation Systems is a good budget buy. This company is an integrated player in making agri equipments like drip irrigation and micro irrigation PVC pipes etc and the focus of the budget always remains on the agriculture to improve the productivity as well as giving soaps to the farmers largely to see the increase in food production, which are also contributing significantly to the GDP growth and hence a positive call in the stock and buying can be made in the stock at CMP."
The company's trailing 12-month (TTM) EPS was at Rs 7.65 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 14.72. The latest book value of the company is Rs 40.71 per share. At current value, the price-to-book value of the company was 2.77. The dividend yield of the company was 0.89%.
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Tulsian told CNBC-TV18, "Jain Irrigation Systems is a good budget buy. This company is an integrated player in making agri equipments like drip irrigation and micro irrigation PVC pipes etc and the focus of the budget always remains on the agriculture to improve the productivity as well as giving soaps to the farmers largely to see the increase in food production, which are also contributing significantly to the GDP growth and hence a positive call in the stock and buying can be made in the stock at CMP."
The company's trailing 12-month (TTM) EPS was at Rs 7.65 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 14.72. The latest book value of the company is Rs 40.71 per share. At current value, the price-to-book value of the company was 2.77. The dividend yield of the company was 0.89%.
....more info