Feb 13, 2013 09:15 AM IST | Source: CNBC-TV18

Sell IFCI, says Sudarshan Sukhani

Sell IFCI, says Sudarshan Sukhani of

Sell IFCI, says Sudarshan Sukhani of

Sukhani told CNBC-TV18, "IFCI has never been my favourite stock and it does all the wrong things. Now it has made a bearish head and shoulder and it has broken down, promising much lower targets. Our intraday target is Rs 31 for a couple of days but the eventual targets for this decline could easily be Rs 27. It is a stock you want to sell whenever you can and today is a good day."

The company's trailing 12-month (TTM) EPS was at Rs 9.57 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 3.47. The latest book value of the company is Rs 31.53 per share. At current value, the price-to-book value of the company was 1.05. The dividend yield of the company was 3.01%.

The share touched its 52-week high Rs 49.40 and 52-week low Rs 25.20 on 21 February, 2012 and 04 September, 2012, respectively. Currently, it is trading 32.69% below its 52-week high and 31.94% above its 52-week low. Market capitalisation stands at Rs 5,522.28 crore.

Follow us on
Available On