See lower levels in IVRCL, says Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can see lower levels in IVRCL.

Sukhani told CNBC-TV18, "IVRCL is at Rs 20 and it will go lower. I do not know how much lower but it is a short sell. It is easy to talk about it but how can one sell a stock, which has already fallen to Rs 20, it is not easy. However, the trend is down, so one should not even think of buying it."
At 10:45 hrs IVRCL was quoting at Rs 18, down Rs 0.60, or 3.23%. It has touched a 52-week low of Rs 17.85.
The company's trailing 12-month (TTM) EPS was at Rs -1.10 per share. (Dec, 2012). The latest book value of the company is Rs 73.98 per share. At current value, the price-to-book value of the company was 0.24.