Exit Rolta India on rise: Puneet Kinra

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Exit Rolta India on rise: Puneet Kinra

Puneet Kinra of Bonanza Portfolio is of the view that one should exit Rolta India on rise.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Puneet Kinra See what other Experts & Brokerages are saying about Rolta See messages about Rolta

Puneet Kinra of Bonanza Portfolio is of the view that one should exit Rolta India on rise.

Kinra told CNBC-Awaaz, "Investors should exit Rolta India on rise at Rs 83-90 with a stoploss of Rs 68. The stock has downside support at Rs 74-68. If it breaks the support level then we can see level of Rs 56-50 in coming days."

The company's trailing 12-month (TTM) EPS was at Rs 29.72 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 2.47. The latest book value of the company is Rs 142.79 per share. At current value, the price-to-book value of the company was 0.51. The dividend yield of the company was 4.77%.