Sell Chambal Fertilisers: Sudarshan Sukhani

Sell Chambal Fertilisers and Chemicals, says Sudarshan Sukhani, Technical Trends.

Sukhani told CNBC-TV18, "You sell Chambal Fertilisers. It continues to be weak. Again a lot of stocks have now decided that okay, we have support levels and chances are we are going and breaking them down. Chambal is one such stock. So, the only trading Chambal would be to go and either exit your long positions or to build a short position."
The company touched its 52-week high Rs 118.50 and 52-week low Rs 65.90 on 09 Sep, 2011 and 25 Feb, 2011, respectively. Currently, it is trading -28.02% below its 52-week high and 29.44% above its 52-week low. Market capitalisation stands at Rs 3,550.25 crore.
The company's trailing 12-month (TTM) EPS was at Rs 7.94 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 10.74. The latest book value of the company is Rs 39.00 per share. At current value, the price-to-book value of the company was 2.19. The dividend yield of the company was 2.23%.