Feb 25, 2013, 11.30 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Coal India on rally.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, " Coal India is headed lower and it is a blue chip. However, we are looking at Rs 320 and then a crack below Rs 320 also. So, the trade should be, sell into a small rally.”
At 10:46 hrs Coal India was quoting at Rs 328.75, down Rs 3.60, or 1.08%. It has touched an intraday high of Rs 334.00 and an intraday low of Rs 328.05.
The company's trailing 12-month (TTM) EPS was at Rs 0.00 per share. (Dec, 2012). The latest book value of the company is Rs 30.97 per share. At current value, the price-to-book value of the company was 10.62. The dividend yield of the company was 3.04%.