Sell Shoppers Stop: Sukhani

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Sell Shoppers Stop: Sukhani

Sell Shoppers Stop, 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 Shoppers Stop See messages about Shoppers Stop Shoppers Stop BSE | NSE 31/05/12 Are Mutual Funds betting on Shoppers Stop?

Sell Shoppers Stop , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Shoppers Stop is a sell. For the last two days Shopper's Stop has gone up, not sustained its highs and come back and closed much lower. That is the classic sign atleast of an intermediate top. You cannot short it because I don't think it is in the F&O but intraday traders can take full advantage of an imminent weakness in this stock."

The company's trailing 12-month (TTM) EPS was at Rs 16.53 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 42.82. The latest book value of the company is Rs 79.66 per share. At current value, the price-to-book value of the company was 8.89. The dividend yield of the company was 0.21%.