Avoid Petronet LNG, says Sudarshan Sukhani

Avoid Petronet LNG, says Sudarshan Sukhani of s2analytics.com.
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Feb 07, 2013, 11.05 AM | Source: CNBC-TV18

Avoid Petronet LNG, says Sudarshan Sukhani

Avoid Petronet LNG, says Sudarshan Sukhani of s2analytics.com.

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Avoid Petronet LNG, says Sudarshan Sukhani

Avoid Petronet LNG, says Sudarshan Sukhani of s2analytics.com.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Avoid Petronet LNG , says Sudarshan Sukhani of s2analytics.com.

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.

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Avoid Petronet LNG, says Sudarshan Sukhani

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