Stay away from Orchid Chemicals: Sukhani

One can stay away from Orchid Chemicals, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Orchid Chemicals and Pharmaceuticals is a short sell. It is an avoid. By no stretch of imagination is it a buy. One should just stay away."
At 10:04 hrs Orchid Chemicals and Pharmaceuticals was quoting at Rs 64.60, down Rs 2.85, or 4.23%. It has touched an intraday high of Rs 68.80 and an intraday low of Rs 64.30.
The share touched its 52-week high Rs 194 and 52-week low Rs 53 on 03 April, 2012 and 05 March, 2013, respectively. Currently, it is trading 66.7% below its 52-week high and 21.89% above its 52-week low. Market capitalisation stands at Rs 455.12 crore.
The company's trailing 12-month (TTM) EPS was at Rs 22.64 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 2.85. The latest book value of the company is Rs 162.71 per share. At current value, the price-to-book value of the company was 0.4. The dividend yield of the company was 4.64%.