Don't invest in Hindalco: Aditya Agarwal

Do not invest in Hindalco, says Aditya Agarwal, Sr. Derivative Analyst, Way2Wealth.

Agarwal told CNBC-Awaaz, Investors should not invest in Hindalco. The stock is looking weak and showing sign on downside. It may go down to Rs 122-125 in near term."
The company's trailing 12-month (TTM) EPS was at Rs 11.73 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 10.97. The latest book value of the company is Rs 155.11 per share. At current value, the price-to-book value of the company was 0.83. The dividend yield of the company was 1.17%.