Feb 22, 2013, 10.50 AM | Source: CNBC-TV18
Short 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 (L&T) was a strong performer, but then from Rs 1,700 onwards it has been having a one-way move all the way down and now at current levels of Rs 1,450 it is giving us a message that there is an imminent breakdown that will take it to Rs 1,300. This is happening to a lot of blue chip stock.”
He further added, “L&T is a short sell now. Even for today, even a market that could be choppy and the Nifty could be choppy today L&T still has only one trade to be on the short side. We do not want to go long in a chart pattern that says much lower levels are coming.”
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 17.39. 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 3.48. The dividend yield of the company was 1.16%.
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