Sep 18, 2012, 11.35 AM IST

More downside in ITC, says Sudarshan Sukhani

More downside in ITC, says Sudarshan Sukhani of s2analytics.com.

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More downside in ITC , says Sudarshan Sukhani of s2analytics.com.


Sukhani told CNBC-TV18, "ITC has much more downside, has most bearish charts among the FMCGs. Jain Irrigation has not bottomed out but it is a momentum buy. In HDIL wait for a correction and I think it is worthwhile going long there."


ITC's trailing 12-month (TTM) EPS was at Rs 7.46 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 34.51. The latest book value of the company is Rs 23.88 per share. At current value, the price-to-book value of the company was 10.78. The dividend yield of the company was 1.75%.


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