Apr 22, 2013, 07.59 PM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com advised holding Cairn India. According to him, the worst for Cairn India seems to be over in terms of share price.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “I would say he should hold on Cairn India. It seems that the worst of Cairn India is behind it in terms of share price movement. From hereon whether it is slow or rapid that is a different question; the trajectory should be on the upside. The stock price is almost at the lows. Let him hold on.”
The company's trailing 12-month (TTM) EPS was at Rs -1.12 per share. (Dec, 2012). The latest book value of the company is Rs 167.11 per share. At current value, the price-to-book value of the company was 1.75.
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