Feb 07, 2013, 11.05 AM | Source: CNBC-TV18
Avoid Petronet LNG, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "So many midcaps are disappointing. Petronet LNG is not just yesterday; it broke support levels earlier, which should have held. It was a wonderful stock to be on the long side and it has been continuously falling down. So, either a short or avoid. There is no way we can buy it."
The company's trailing 12-month (TTM) EPS was at Rs 8.26 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 17.74. The latest book value of the company is Rs 46.93 per share. At current value, the price-to-book value of the company was 3.12. The dividend yield of the company was 1.71%.
The share touched its 52-week high Rs 179.75 and 52-week low Rs 122.25 on 21 February, 2012 and 18 May, 2012, respectively. Currently, it is trading 18.5% below its 52-week high and 19.84% above its 52-week low. Market capitalisation stands at Rs 10,987.50 crore.
Ashwani Gujral of ashwanigujral.com is of the view
Centrum is bearish on Petronet LNG has recommended
Axis Direct is bullish on Petronet LNG has recomme
Religare is bullish on Petronet LNG has recommende
ICICI Direct is bullish on Petronet LNG has recomm