NCC may see 15-20% downside: Sukhani

NCC may see 15-20% downside, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “DCB has a very good chart. So if it’s sold off we don’t have to actually go and short sell. We just wait patiently for the selloff to end for the Bank Nifty and the Nifty to stabilize and DCB still becomes a buying opportunity.”
He further added, “Nagarjuna Construction (NCC)’s rally is almost over. I have earlier also put that in my avoid list because infrastructure essentially is now slowly moving up. But it is a short sell. At current prices also there is at least 15-20% downside.”
NCC`s trailing 12-month (TTM) EPS was at Rs 6.37 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 6.34. The latest book value of the company is Rs 94.11 per share. At current value, the price-to-book value of the company was 0.43. The dividend yield of the company was 2.48%.