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Aug 22, 2012, 05.55 PM IST
Shardul Kulkarni, Sr.Technical Analyst, Angel Broking is of the view that, from a trading perspective one can buy United Spirits on decline towards Rs 900 by placing stop loss at Rs 880 on a closing basis.
Shardul Kulkarni, Sr.Technical Analyst, Angel Broking is of the view that, from a trading perspective one can buy United Spirits on decline towards Rs 900 by placing stop loss at Rs 880 on a closing basis.
Kulkarni told CNBC-TV18, "In case of United Spirits, an Investment buying opportunity is still there. One should buy the stock on declines considering the development at Kingfisher Airlines and the news that surrounds the UB Group. But looking at it from a trading perspective, any decline towards Rs 900 should be used to buy. Place a stop loss at Rs 880 on a closing basis. So long as the stock stays above Rs 880 I would hold on the long positions." United Spirits`s trailing 12-month (TTM) EPS was at Rs 26.21 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 36.13. The latest book value of the company is Rs 416.42 per share. At current value, the price-to-book value of the company was 2.27. The dividend yield of the company was 0.26%. Disclaimer: We have positions in this particular stock.
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