Avoid Suzlon Energy, REC: Mohindar

Avoid Suzlon Energy and Rural Electrification Corporation (REC), says Rahul Mohindar, Viratechindia.com.

Mohindar told CNBC-TV18, "I am not too bullish on Suzlon Energy and REC if I am looking at a medium to long-term perspective. In the short run you might see some kind of an upmove, so probably Suzlon may come down to Rs 24-25 then finally take off to even levels like Rs 31. I think the long-term trend on both REC and Suzlon is yet to change, so I would avoid these stocks particularly from an investment profile."
Rural Electrification Corporation's trailing 12-month (TTM) EPS was at Rs 26.03 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 7.14. The latest book value of the company is Rs 129.51 per share. At current value, the price-to-book value of the company was 1.43. The dividend yield of the company was 4.04%.