Sell Tata Power, says Rohit Shinde

Rohit Shinde of Nimbus Wealth Management advises to sell Tata Power.

Shinde told CNBC-Awaaz, "Investors should sell Tata Power with a stoploss of Rs 1005. The stock is under pressure and it may go down to Rs 950 in next 2-3 days time."
The company's trailing 12-month (TTM) EPS was at Rs 40.91 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 23.76. The latest book value of the company is Rs 473.65 per share. At current value, the price-to-book value of the company was 2.05. The dividend yield of the company was 1.29%.