Feb 07, 2013, 10.39 AM IST | Source: CNBC-TV18

Sell Siemens, says Sudarshan Sukhani

Sudarshan Sukhani of is of the opinion that one can sell Siemens.

Sudarshan Sukhani of is of the opinion that one can sell Siemens.

Sukhani told CNBC-TV18, "The theme is that capital goods are collapsing. We have seen Bharat Heavy Electricals Limited (BHEL), Larsen and Toubro (L&T) are sell and Siemens is a sell. The same pattern that we are seeing in L&T is now getting started in Siemens. A large rally, the top of that rally then eventually ended up as a distribution and the distribution has given and broken down. Siemens’ charts appear now to be very bearish, almost like BHEL."

The share touched its 52-week high Rs 838.80 and 52-week low Rs 624.05 on 21 February, 2012 and 06 February, 2013, respectively. Currently, it is trading 25.63% below its 52-week high and 0.04% above its 52-week low. Market capitalisation stands at Rs 21,959.83 crore.

The company's trailing 12-month (TTM) EPS was at Rs 20.53 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 30.38. The latest book value of the company is Rs 112.56 per share. At current value, the price-to-book value of the company was 5.54. The dividend yield of the company was 0.96%.

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