Metal space may remain under pressure: Thukral

Hemant Thukral, Aditya Birla Money says that metal space may remain under pressure.

Thukral told CNBC-TV18, “Metal space may remain under pressure at least that is what the rollover data till now is suggesting, in fact, Tata Steel has even seen fresh shorts on Friday. Now call writers has moved southwards towards Rs 400 zone. If it doesn’t cross Rs 401-402 on the upside then the pressure will continue and it may have to revisit Rs 378-376, that’s where the strong support zone is. So I will be slightly negative on metals and specially Tata Steel.”
The company's trailing 12-month (TTM) EPS was at Rs 71.58 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 5.42. The latest book value of the company is Rs 537.64 per share. At current value, the price-to-book value of the company was 0.72. The dividend yield of the company was 3.09%.