Delta Corp may slip below Rs 50: Sudarshan Sukhani

Delta Corp may slip below Rs 50, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “There is much more downside in Delta Corp. An immediate short-term, a couple of day target could be at Rs 58 but it is going below Rs 50. It is not just Delta Corp; all midcaps have terrible chart patterns but the worry is that the pattern targets are not visible, they are much lower.”
The share touched its 52-week high Rs 84.35 and 52-week low Rs 52.00 on 04 January, 2013 and 11 May, 2012, respectively.Currently, it is trading 28.22% below its 52-week high and 16.44% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs -0.03 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was -. The latest book value of the company is Rs 29.10 per share. At current value, the price-to-book value of the company was 2.09. The dividend yield of the company was 0.58%.