Feb 26, 2013, 01.31 PM | Source: CNBC-TV18
Sell Larsen and Toubro (L&T), says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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%.
Market expert, Prakash Diwan believes the stock ha
L&T received fresh orders worth Rs 29,702 crore du
Analysts expect order inflows of around Rs 30,000
According to Sudarshan Sukhani of s2analytics.com,
Prakash Diwan of prakashdiwan.in is of the view th