Sell Siemens, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the opinion that one can sell Siemens.

Sukhani told CNBC-TV18, "The theme is that capital goods are collapsing. We have seen Bharat Heavy Electricals Limited (BHEL), Larsen and Toubro (L&T) are sell and Siemens is a sell. The same pattern that we are seeing in L&T is now getting started in Siemens. A large rally, the top of that rally then eventually ended up as a distribution and the distribution has given and broken down. Siemens’ charts appear now to be very bearish, almost like BHEL."
The share touched its 52-week high Rs 838.80 and 52-week low Rs 624.05 on 21 February, 2012 and 06 February, 2013, respectively. Currently, it is trading 25.63% below its 52-week high and 0.04% above its 52-week low. Market capitalisation stands at Rs 21,959.83 crore.
The company's trailing 12-month (TTM) EPS was at Rs 20.53 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 30.38. The latest book value of the company is Rs 112.56 per share. At current value, the price-to-book value of the company was 5.54. The dividend yield of the company was 0.96%.