REI Agro in a big downtrend: Thacker

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REI Agro in a big downtrend: Thacker

REI Agro is in a big downtrend, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Rei Agro has support at Rs 25: Mohindar REI Agro can test Rs 63-64: Gujral ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Rei Agro See messages about Rei Agro Rei Agro BSE | NSE 30/05/12 Are Mutual Funds betting on Rei Agro?

REI Agro is in a big downtrend, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "REI Agro is in a big downtrend. It is not sure that we are getting a proper reversal over there but atleast a bounce back could happen. Rs 33-35 could be the range where the stock could head towards. However, not sure whether we will be able to cross that or not."

The company's trailing 12-month (TTM) EPS was at Rs 1.64 per share. (Mar, 2010). The stock's price-to-earnings (P/E) ratio was 17.38. The latest book value of the company is Rs per share. At current value, the price-to-book value of the company was 0. The dividend yield of the company was 0%.