Exit ABG Shipyard: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can exit ABG Shipyard.

Sukhani told CNBC-TV18, "ABG Shipyard has been in a trading range and breaking down. Stocks that are breaking down in an environment, which is broadly conducive to the bulls, we have to avoid those stocks. I don’t know if you want to short sell it but it is certainly a sell. If you own it then as a trader you might like to get out of it."

The company's trailing 12-month (TTM) EPS was at Rs 39.05 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 9.59. The latest book value of the company is Rs 279.06 per share. At current value, the price-to-book value of the company was 1.34. The dividend yield of the company was 1.07%.

The share touched its 52-week high Rs 463.20 and 52-week low Rs 322.10 on 16 Feb, 2012 and 19 Aug, 2011, respectively.
 
Currently, it is trading -19.14% below its 52-week high and 16.28% above its 52-week low.
 
Market capitalisation stands at Rs 1,907.28 crore.