Sell Titan Industries: Sukhani

Sell Titan Industries, says Sudarshan Sukhani of technicaltrends.com.

Sukhani told CNBC-TV18, "I am very downbeat on Titan, this time my downbeat sense will work out. It is now at Rs 192, its making a very bearish long-term pattern. I strongly suspect it will go down by 40-50% from these levels then it should become an excellent buy, so for the short-term traders it is a sell."
The company's trailing 12-month (TTM) EPS was at Rs 5.78 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 33.43. The latest book value of the company is Rs 13.01 per share. At current value, the price-to-book value of the company was 14.85. The dividend yield of the company was 1.29%.