Apr 18, 2013 01:14 PM IST | Source: CNBC-TV18

Avoid VIP Industries, says Sukhani

Sudarshan Sukhani of s2analytics.com says avoid VIP Industries. According to him, there is nothing in the chart to justify.

Sudarshan Sukhani of s2analytics.com says avoid VIP Industries. According to him, there is nothing in the chart to justify.

Sukhani told CNBC-TV18, “We should not be even discussing VIP Industries. After 18 percent rally it has come in the radar of every one and I would assume that this is a manipulation rather than anything genuine. There is nothing in the chart to justify. There is no base building, there is no sense that it has bottomed out for the last six-eight months, building strength. It is just one day rally. I would say avoid it.”

The company's trailing 12-month (TTM) EPS was at Rs 4.76 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 13.60. The latest book value of the company is Rs 17.15 per share. At current value, the price-to-book value of the company was 3.78. The dividend yield of the company was 2.47 percent.

The stock's price-to-earnings (P/E) ratio stands at 13.56 on (NSE).

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