Sell IVRCL: Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers feels that one should sell IVRCL.

Agarwal told CNBC-Awaaz, "Investors should sell IVRCL. All infra stocks are looking under pressure. It is looking weak due to increasing rate of interest. The company is also facing problem of low fund and weak order book."
He further added, "One can buy Larsen and Toubro. It can give good return in future."
L&T's trailing 12-month (TTM) EPS was at Rs 66.62 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 20.03. The latest book value of the company is Rs 351.07 per share. At current value, the price-to-book value of the company was 3.8. The dividend yield of the company was 1.09%.