Sell Jubilant Foodworks, says Sukhani

According to Sudarshan Sukhani of s2analytics.com, Jubilant Foodworks is a sell. He feels the stock may see more downside.

Sukhani told CNBC-TV18, “Jubilant Foodworks is a sell. It is almost something like Zee because it is cracking all kind of support levels. A V-shape and inverted V decline is here that tells us probably more downside is coming. Focus on the banks, focus on IT stocks and sell these midcaps.”
The company's trailing 12-month (TTM) EPS was at Rs 11.17 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 96.85. The latest book value of the company is Rs 45.92 per share. At current value, the price-to-book value of the company was 23.56.
The stock's price-to-earnings (P/E) ratio stands at 96.89 on (NSE).