Pantaloon Retail may slip below Rs 140: Sukhani

Sudarshan Sukhani of s2analytics.com feels that Pantaloon Retail may slip below Rs 140.

Sukhani told CNBC-TV18, "Pantaloon Retail is heading down. That is said with some regret because it may bottom out; Rs 140 is a strong support level. I do not think that is going to hold.”
At 12:01 hrs Pantaloon Retail was quoting at Rs 153.60, up Rs 1.90, or 1.25 percent. It has touched an intraday high of Rs 156.45 and an intraday low of Rs 152.55.
The company's trailing 12-month (TTM) EPS was at Rs 1.84 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 83.64. The latest book value of the company is Rs 117.35 per share. At current value, the price-to-book value of the company was 1.31. The dividend yield of the company was 0.58 percent.