Sell CESC, says Sudarshan Sukhani

Published on Wed, Dec 07, 2011 at 09:58 |  Source : CNBC-TV18

Updated at Wed, Dec 07, 2011 at 12:33  

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Sudarshan Sukhani, s2analytics.com

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Sell CESC , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "CESC has been a big disappointment. From Rs 400 it has been falling consistently. It has not participated in the rally that we have seen for the last two weeks. So if there is a short selling idea, CESC is probably a very good one. It has come on my short selling list earlier also and with some regret it continues to do so. Look for lower levels. Maybe Rs 238, maybe even Rs 200. It's not a good chart."

The company's trailing 12-month (TTM) EPS was at Rs 35.48 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 6.98. The latest book value of the company is Rs 442.03 per share. At current value, the price-to-book value of the company was 0.56. The dividend yield of the company was 1.62%.

 

  

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