Buy stocks of Tata Power at current level

Tata Power:-

 “Tata Power is a stock that is now entering in uptrend and therefore it is a share that we want to buy every time we can. At current prices assuming that this market is bottoming out in the short-term, Tata Power becomes a buying opportunity.”
He further added, “The same cannot be said for the other power stocks either it is Adani or even Reliance Power , it is best to avoid them, it is too early. The rally is about one hour old; I don’t think we need to rush into it.”

Tata Power`s trailing 12-month (TTM) EPS was at Rs 5.36 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 18.36. The latest book value of the company is Rs 52.29 per share. At current value, the price-to-book value of the company was 1.88. The dividend yield of the company was 1.27%.