Book profit in Jain Irrigation: Puneet Kinra

Book profit in Jain Irrigation, says Puneet Kinra of Bonanza Portfolio.

Kinra told CNBC-Awaaz, "Jain Irrigation is trading on dips in short term. The stock has strong selling pressure. It has short-term support at Rs 145 but it is trading below support level. One should keep a stoploss of Rs 145. It may go down to Rs 132-129. One should book profit at that level."
The company's trailing 12-month (TTM) EPS was at Rs 8.42 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 16.13. The latest book value of the company is Rs 42.75 per share. At current value, the price-to-book value of the company was 3.18. The dividend yield of the company was 0.74%.