Sell Reliance Industries: Ashish Maheshwari

Ashish Maheshwari of Globe Capital is of the view that one should sell Reliance Industries.

Maheshwari told CNBC-Awaaz, "Short term investors should sell Reliance Industries.The stock is trading badly on short-term chart. It is looking under pressure due to negative news flow. There is no any indication of upside in stock in near term. Exit is better option for the investors."
The company's trailing 12-month (TTM) EPS was at Rs 66.81 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 11.50. The latest book value of the company is Rs 446.11 per share. At current value, the price-to-book value of the company was 1.72. The dividend yield of the company was 1.04%.