Sell Tata Steel, says Ashish Chaturmohta

Ashish Chaturmohta of IIFL Wealth is of the view that one should sell Tata Steel.

Chaturmohta told CNBC-Awaaz, "Investors should sell Tata Steel with a stoploss of Rs 430. The stock is looking weak on chart. It may go down to Rs 405 in coming days."
The company's trailing 12-month (TTM) EPS was at Rs 78.25 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 5.47. The latest book value of the company is Rs 503.19 per share. At current value, the price-to-book value of the company was 0.85. The dividend yield of the company was 2.81%.