Exit SAIL on rise, says Abhinay Jain

Abhinay Jain of Sharekhan advises to exit SAIL on rise.

Jain told CNBC-Awaaz, "Investors should exit SAIL on rise. All the metal stocks are looking under pressure. There is no indication of much upside in SAIL; it can touch Rs 88-89 in coming days. One should exit at that level."
The company's trailing 12-month (TTM) EPS was at Rs 9.61 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 8.87. The latest book value of the company is Rs 89.75 per share. At current value, the price-to-book value of the company was  0.95. The dividend yield of the company was 2.82%.