Sell Sun TV, says Salil Shamra

Salil Sharma of Kapoor Sharma and Company is of the view that one should sell Sun TV.

Shamra told CNBC-Awaaz, "Investors should sell Sun TV with a stoploss of Rs 260. It is looking weak on chart and we can see some more downside in future."
The company's trailing 12-month (TTM) EPS was at Rs 20.02 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 12.39. The latest book value of the company is Rs 60.54 per share. At current value, the price-to-book value of the company was 4.1. The dividend yield of the company was 3.02%.