Take profits in Sujana Towers: Sukhani

Published on Mon, May 17, 2010 at 13:56 |  Source : CNBC-TV18

Updated at Mon, May 17, 2010 at 14:25  

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Sudarshan Sukhani, Technical Analyst

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Take profits in Sujana Towers , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "I did not look at the charts of Sujana Towers because I don't think this is a day to buy midcaps of any kind and certainly not stocks that we don't hear about. There is some news, so if you own it then my suggestion would be if you are lucky you take profits rather than wait for higher levels and certainly don't try to buy it."

The company touched its 52 week high Rs 60.90 and 52 week low Rs 17.45 on 26 Oct, 2009 and 15 May, 2009, respectively. Currently, it is trading -10.1% below its 52-week high and 213.75% above its 52-week low. Market capitalisation stands at Rs 494.56 crore.

The company's trailing 12-month (TTM) EPS was at Rs 3.74 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 14.63. The latest book value of the company is Rs 34.79 per share. At current value, the price-to-book value of the company was 1.57.

  

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