Stay away from Crompton Greaves, says Anu Jain

Stay away from Crompton Greaves, says Anu Jain of IIFL Private Wealth Management.

Jain told CNBC-TV18, "Crompton Greaves is one stock I would stay away from because every time it tries to recover it moves off, so I think between all of them I would still play BHEL. But this is another stock which looks there is a possibility of another breakdown of 5-8% if the market were to even stay sideward it would probably breakdown. So I think its best left alone rather than till it gives a signal to sell further but at the moment I would stay off it."

The company's trailing 12-month (TTM) EPS was at Rs 10.62 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 13.09. The latest book value of the company is Rs 35.70 per share. At current value, the price-to-book value of the company was 3.89. The dividend yield of the company was 1.58%.