May 04, 2012, 06.44 PM | Source: CNBC-TV18
SBI may slip to Rs 1800, says Sudarshan Sukhani, s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “Almost all midcap banks are shorting candidates but I have to repeat that today is not a good day to go short. Markets will bounce back also, we don’t have one sided moves, so if at all we need to get a name I would say that the best shorting candidate remains State Bank even after today’s 4% decline because the targets for that are Rs 1800 and the second is PNB.”
The company's trailing 12-month (TTM) EPS was at Rs 130.15 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 15.32. The latest book value of the company is Rs 968.97 per share. At current value, the price-to-book value of the company was 2.06. The dividend yield of the company was 1.5%.