See higher levels in Alstom Projects: Sukhani

See higher levels in Alstom Projects, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Alstom Project is a stock that has fallen, gone through a deep correction and made a very bullish reversal pattern on the downside and we are seeing number of such stocks doing that. Once this bullish pattern is complete and yesterday it confirmed that pattern, I would expect a new uptrend to start for Alstom Project."
He further added, "It’s a good stock for today. Yesterday’s big gains should see follow-through today and eventually much higher levels are possible."
The company's trailing 12-month (TTM) EPS was at Rs 25.20 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 14.61. The latest book value of the company is Rs 111.28 per share. At current value, the price-to-book value of the company was 3.31. The dividend yield of the company was 2.72%.