Exit ICSA, says Gujral

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Exit ICSA, says Gujral

Exit ICSA, 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 ICSA See messages about ICSA ICSA BSE | NSE 30/05/12 Are Mutual Funds betting on ICSA?

Exit ICSA , says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "ICSA has been in a big down trend. It has had a big up move but it does not seem likely that it will go beyond Rs 165-168 which is the 200 day moving average. Nothing that is below the 200 DMA is a weak stock, so probably you use this relief rally to get out of this."

The company touched its 52 week high Rs 229.90 and 52 week low Rs 115.65 on 22 Oct, 2009 and 29 Apr, 2010, respectively. Currently, it is trading -32.54% below its 52-week high and 34.11% above its 52-week low. Market capitalisation stands at Rs 733.44 crore.

The company's trailing 12-month (TTM) EPS was at Rs 28.91 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 5.36. The latest book value of the company is Rs 126.28 per share. At current value, the price-to-book value of the company was 1.23. The dividend yield of the company was 0.9%.