Sell IRB Infrastructure: Sudarshan Sukhani

Sell IRB Infrastructure Developers on rally, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Technically the small rally we are seeing in IRB Infrastructure Developers needs to be sold into. Have patience, this midcap run will peter out in a day or two and then all the stocks HDIL, IRB and even HOEC would become interesting selling propositions. They are not buying ideas in any case.”
At 10:43 hrs IRB Infrastructure Developers was quoting at Rs 117.90, down Rs 0.20, or 0.17%. It has touched an intraday high of Rs 120.00 and an intraday low of Rs 117.10.
The company's trailing 12-month (TTM) EPS was at Rs 6.79 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 17.36. The latest book value of the company is Rs 45.64 per share. At current value, the price-to-book value of the company was 2.58. The dividend yield of the company was 1.53%.