SENSEX NIFTY
May 04, 2012, 06.44 PM IST | Source: CNBC-TV18

SBI may slip to Rs 1800, says Sukhani

SBI may slip to Rs 1800, says Sudarshan Sukhani, s2analytics.com.

SBI may slip to Rs 1800, says Sudarshan Sukhani, s2analytics.com.

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%.

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