Sell United Phosphorous: Sukhani

Published on Mon, Jan 16, 2012 at 09:10 |  Source : CNBC-TV18

Updated at Mon, Jan 16, 2012 at 11:28  

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Sudarshan Sukhani, s2analytics.com

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Sell United Phosphorous , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "United Phosphorous rallied from Rs 123 to Rs 145 and now it's been retreating. The key here is that on Tuesday all stocks rallied with the Nifty; the Nifty's level was 4,760, it has held onto that level. But United Phosphorous after rallying has broken its last Tuesday's lows, which means that it's now distinctly weaker than the broad market and than the main index. There is something going on there. The trade is there to sell it, put a stop loss; probably it's going towards Rs 133 again."

The company's trailing 12-month (TTM) EPS was at Rs 3.41 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 40.37. The latest book value of the company is Rs 48.90 per share. At current value, the price-to-book value of the company was 2.81. The dividend yield of the company was 1.45%.

Disclosure: I have no personal holding in the above stock.

  

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