Short Jindal Steel: Sudarshan Sukhani

Short Jindal Steel & Power, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Jindal Steel & Power is a short sell. Do not sell today because there was a big upmove on Friday but once the stock shows signs of sagging, the rally starts getting tired. It is a short sell. The stocks that are fallen much, do not suddenly enter a bull market.”
The share touched its 52-week high Rs 625.50 and 52-week low Rs 321.10 on 13 March, 2012 and 12 September, 2012, respectively. Currently, it is trading 41.98percent below its 52-week high and 13.02percent above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 19.68 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 18.44. The latest book value of the company is Rs 116.01 per share. At current value, the price-to-book value of the company was 3.13. The dividend yield of the company was 0.44percent.