Deccan Chronicle looks good for trading: Sukhani

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Deccan Chronicle Holdings is looking good for trading, says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Deccan Chronicle Holdings is a good stock for trading today as the midcaps bounce back. It is suitable for day trading as well as for an investor. But for most other media stocks, just stay away."

Deccan Chronicle has touched an intraday high of Rs 180.05 and an intraday low of Rs 172.90. At 11:14 hrs the share was quoting at Rs 178.45, up Rs 5.15, or 2.97%.

Market capitalisation stands at Rs 4,322.47 crore.

The company's trailing 12-month (TTM) EPS was at Rs 10.85 per share. The stock's price-to-earnings (P/E) ratio was 16.47. The latest book value of the company is Rs 47.45 per share. At current value, the price-to-book value of the company was 3.77. The dividend yield of the company was 1.12%.