Exit Lanco Industries, says Birendra Kumar Singh

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Exit Lanco Industries, says Birendra Kumar Singh

Birendra Kumar Singh of FRR Shares is of the view that one should exit Lanco Industries.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Birendra Kumar Singh See what other Experts & Brokerages are saying about Lanco Industrie See messages about Lanco Industrie

Birendra Kumar Singh of FRR Shares is of the view that one should exit Lanco Industries .

Singh told CNBC-Awaaz, "Investors should exit Lanco Industries at current price. The stock is trading below support level of Rs 31. We can see level of Rs 23.25 in coming days. Exit is better option for investors."

The company's trailing 12-month (TTM) EPS was at Rs 11.69 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 2.52. The latest book value of the company is Rs 53.17 per share. At current value, the price-to-book value of the company was 0.55. The dividend yield of the company was 5.08%.