Feb 26, 2013, 10.26 AM | Source: CNBC-TV18
More downside in JSW Energy, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "The last support levels for JSW Steel have cracked. The entire Jindal group - the charts are showing that the end of the decline is not over, almost all the stocks are promising lower levels."
He further added, " JSW Energy had big rally and then a decline that was a V-shaped decline, up one day and suddenly starts falling the next day and keeps on falling. The final support levels were broken yesterday that suggests that much more downside is coming."
At 09:48 hrs JSW Energy was quoting at Rs 57.85, down Rs 0.80, or 1.36%. It has touched an intraday high of Rs 58.40 and an intraday low of Rs 57.60.
The company's trailing 12-month (TTM) EPS was at Rs 5.40 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 10.71. The latest book value of the company is Rs 37.55 per share. At current value, the price-to-book value of the company was 1.54. The dividend yield of the company was 0.86%.
Net Sales are expected to increase by 8.6 percent
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