Hold on to Tisco stocks: KSEMA

ET Now Fundamental check with Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd.

What is your call on Tisco?

Investors should hold on to this stock. The earnings per share for FY11 would be around Rs 51. Stock trades around 9.5 times their FY11. Price to book value is around 1.5 times. So the sense that we are getting is that yes, the worst is behind for Tata Steel. We might some kind of dividend announcement also today to the tune of Rs 16 to Rs 18 today when they declare their yearly set of numbers.