Short NCC, says Sudarshan Sukhani

Short NCC, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "NCC is a short sell now; you keep a tight stop loss and expect a decline towards Rs 41 or even lower.”
He further added, “NCC saw a spectacular rally, it almost doubled itself and now it’s facing resistance, Rs 45 is a very strong area of resistance for it. So, it is likely to chop around and even move down."
The company'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 7.14. 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 0.48. The dividend yield of the company was 2.2%.
The share touched its 52-week high Rs 86.60 and 52-week low Rs 28.20 on 04 Jul, 2011 and 04 Jun, 2012, respectively.
 
Currently, it is trading -47.46% below its 52-week high and 61.35% above its 52-week low.
 
Market capitalisation stands at Rs 1,167.46 crore.