Buy Deccan Chronicle on dips; Sukhani

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Buy Deccan Chronicle on dips; Sukhani

Buy Deccan Chronicle on dips, says Technical Analyst, Sudarshan Sukhani.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about DeccanChronicle See messages about DeccanChronicle DeccanChronicle BSE | NSE 01/06/12 Are Mutual Funds betting on DeccanChronicle?

Buy Deccan Chronicle on dips, says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "I don't see any signs of either a base building or even a suggestion that it could go up except for Deccan Chronicle. It is the only stock that looks interesting. It is a buy on dips stock but apart from that I would advise to stay away from this sector."

At 10:19 hrs the share was quoting at Rs 162.85, down Rs 0.35, or 0.21%. Yesterday the share closed up 0.77% or Rs 1.25 at Rs 163.20.

The company's trailing 12-month (TTM) EPS was at Rs 10.85 per share. Currently it is 485.79% above the 52-week low of Rs 27.80.