Short Core Education and ABG Shipyard, says Sudarshan Sukhani of s2analytics.com.
Short Core Education and ABG Shipyard , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "For Core Education, ABG Shipyard and for the other midcaps the trade is to go short. Do not think of buying. That is far away now. But I must explain that Core Education , ABG Shipyard; all of these stocks are not in the F&O segment. So you cannot use Futures to short. You can only do intraday shorting."
At 13:57 hrs CORE Education & Technologies was quoting at Rs 64.60, down Rs 47.25, or 42.24%. It has touched a 52-week low of Rs 56.30.
The company's trailing 12-month (TTM) EPS was at Rs 12.67 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 5.11. The latest book value of the company is Rs 110.21 per share. At current value, the price-to-book value of the company was 0.59. The dividend yield of the company was 0.93%.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen