Sell Axis Bank, says Ashish Chaturmohta

Ashish Chaturmohta of IIFL Wealth feels that one should sell Axis Bank.

Chaturmohta told CNBC-Awaaz, "Investors should sell Axis Bank with a stoploss of Rs 1080. The stock is looking weak and it may go down to Rs 1010-1000 in next 3-4 days time."
he company's trailing 12-month (TTM) EPS was at Rs 87.04 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 11.74. The latest book value of the company is Rs 460.81 per share. At current value, the price-to-book value of the company was 2.22. The dividend yield of the company was 1.37%.