Avoid REI Agro, says Gujral

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Avoid REI Agro, says Gujral

Avoid REI Agro, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Rei Agro See messages about Rei Agro Rei Agro BSE | NSE 31/05/12 Are Mutual Funds betting on Rei Agro?

Avoid REI Agro , says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "REI Agro is clearly in a downtrend. I think resistances come in around Rs 23, so I would not give this a whole lot. It has been trading, making new lows, so this is probably a avoid right now."

The company's trailing 12-month (TTM) EPS was at Rs 1.85 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 10.81. The latest book value of the company is Rs 20.54 per share. At current value, the price-to-book value of the company was 0.97. The dividend yield of the company was 0.5%