Short Sterlite Industries: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Short Sterlite Industries.

Sukhani told CNBC-TV18, "Ideally I would not touch Sterlite Industries but if somebody wants to trade then the trade is on the short side. A small rally yesterday, which did not even cross the last five-eight day highs, is irrelevant. The market needs follow-through. Therefore, if the stock is going up, do not do anything. If it stalls then sell it."
At 10:59 hrs Sterlite Industries (India) was quoting at Rs 92.60, down Rs 0.50, or 0.54%. It has touched an intraday high of Rs 93.50 and an intraday low of Rs 92.
The company's trailing 12-month (TTM) EPS was at Rs 3.33 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 27.81. The latest book value of the company is Rs 73.56 per share. At current value, the price-to-book value of the company was 1.26. The dividend yield of the company was 2.16%.