Feb 26, 2013, 01.31 PM | Source: CNBC-TV18

Sell Larsen and Toubro: Sudarshan Sukhani

Sell Larsen and Toubro (L&T), says Sudarshan Sukhani of s2analytics.com.

Sell Larsen and Toubro (L&T), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Larsen and Toubro is a sell. It is showing bad chart patterns, breaking down from support levels. In fact BHEL with strong support at 200 is probably a better opportunity to go long, not L&T.”

The share touched its 52-week high Rs 1,719.50 and 52-week low Rs 1,185.00 on 29 October, 2012 and 04 June, 2012, respectively.Currently, it is trading 19.85% below its 52-week high and 16.3% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 81.95 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 16.81. The latest book value of the company is Rs 409.54 per share. At current value, the price-to-book value of the company was 3.36. The dividend yield of the company was 1.2%.

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