See lower levels in Raymond: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com feels that one can see much lower levels in Raymond.

Sukhani told CNBC-TV18, "Raymond is case for saying that midcaps have not stopped falling. Small rally in Raymond is so small that one could hardly see it on charts and a resumption of the downtrend. This is not going to stop here; much lower levels are coming.”
He further added, “How does one go short after 50 point decline. One has to wait for some kind of intraday rallies, do not go headlong into the market when it opens. That is a matter of tactics. However, the trade is still to be on the short side.”
At 09:34 hrs Raymond was quoting at Rs 291.55, down Rs 8.45, or 2.82%. It has touched a 52-week low of Rs 290.95.
The company's trailing 12-month (TTM) EPS was at Rs -16.32 per share. (Dec, 2012).  The latest book value of the company is Rs 179.91 per share. At current value, the price-to-book value of the company was 1.63. The dividend yield of the company was 0.85%.