Sell Bank of Rajasthan, says Sukhani

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Sell Bank of Rajasthan, says Sukhani

Sell Bank of Rajasthan, says Technical Analyst, Sudarshan Sukhani.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Bk Of Rajasthan See messages about Bk Of Rajasthan Bk Of Rajasthan BSE | NSE 01/01/70 Are Mutual Funds betting on Bk Of Rajasthan?

Sell Bank of Rajasthan , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Bank of Rajasthan is a sell; it's not necessarily the news that should drive it for selling. The charts tell me that it is an underperformer in the banking sector, so you don't want to hold on to an underperformer. So forget the news, you shouldn't be holding it purely on technical also, just sell it."

Yesterday the share closed at Rs 63.65, up Rs 3.65, or 6.08%. Market capitalisation stands at Rs 1,026.99 crore.

The company touched its 52 week high Rs 98.00 and 52 week low Rs 30.95 on 21 Oct, 2009 and 12 Mar, 2009, respectively. Currently, it is trading -35.05% below its 52-week high and 105.65% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs -0.43 per share. The stock's price-to-earnings (P/E) ratio was -. The latest book value of the company is Rs 39.88 per share. At current value, the price-to-book value of the company was 1.6. The dividend yield of the company was 3.14%.