Sell Jaiprakash Power Ventures: Rohit Shinde

Sell Jaiprakash Power Ventures, says Rohit Shinde of Nimbus Wealth Management.

Shinde told CNBC-Awaaz, "Investors should sell Jaiprakash Power Ventures with a stoploss of Rs 34.5. The stock is looking weak since yesterday. It may do down to Rs 31 in next 2-3 trading sessions."
The company's trailing 12-month (TTM) EPS was at Rs 0.94 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 34.84. The latest book value of the company is Rs 22.15 per share. At current value, the price-to-book value of the company was 1.48.