Jul 12, 2012, 08.23 AM IST

Sell Chambal Fertilisers: Sudarshan Sukhani

Sell Chambal Fertilisers and Chemicals, says Sudarshan Sukhani of s2analytics.com.

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Sell Chambal Fertilisers and Chemicals , says Sudarshan Sukhani of s2analytics.com.


Sukhani told CNBC-TV18, "Chambal Fertilisers and Chemicals keeps on giving an impression that a breakout on the upside is imminent and then it retreats back. Now it’s in a trading range but in that trading range it’s at the verge of a breakdown. So in a market that’s relatively fairly cheerful here is a fertilizer stock widely followed which is saying I am willing to breakdown. So, Chambal is a short sell even in a rising market."


The company's trailing 12-month (TTM) EPS was at Rs 7.94 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 9.04. The latest book value of the company is Rs 44.94 per share. At current value, the price-to-book value of the company was 1.6. The dividend yield of the company was 2.65%.


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