Sell Ashok Leyland, says Sukhani

Sukhani told CNBC-TV18, "I would be a seller in Ashok Leyland. It has made a big intermediate distribution. I am assuming this is a consolidation in an ongoing bear market. I would be looking to short it, not buy.”

At 10:56 hrs Ashok Leyland was quoting at Rs 22.75, down Rs 0.55, or 2.36%. It has touched an intraday high of Rs 23.15 and an intraday low of Rs 22.75.

The company's trailing 12-month (TTM) EPS was at Rs 2.01 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 11.29. The latest book value of the company is Rs 10.89 per share. At current value, the price-to-book value of the company was 2.08. The dividend yield of the company was 4.41%.