Short Vijaya Bank, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Banks are coming in my list all the time. Vijaya Bank has done what many public sector undertaking (PSU) banks have done; it has confirmed the bearish head and shoulder, broken down from it and is likely to head lower."

"These patterns usually meet their targets, which in case of the Nifty also is 5700 and in case of individual stocks is the same. So Vijaya Bank is a positional short. Initiate the short today and so far as it goes your way continue with it," Sukhani said.
The company's trailing 12-month (TTM) EPS was at Rs 11.08 per share. (Mar, 2013). The stock's price-to-earnings (P/E) ratio was 4.57. The latest book value of the company is Rs 87.99 per share. At current value, the price-to-book value of the company was 0.58. The dividend yield of the company was 4.94 percent.