Sell Reliance Capital on rise: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas is of the view that one should sell Reliance Capital on rise.

Shah told CNBC-Awaaz, "Investors should sell Reliance Capital on rise. The stock is looking weak and trading on dips due to bad news since 2-3 months. There is no any indication of upside in stock right now. One can sell it at every rally."
The company's trailing 12-month (TTM) EPS was at Rs 12.90 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 32.00. The latest book value of the company is Rs 285.49 per share. At current value, the price-to-book value of the company was 1.45. The dividend yield of the company was 1.57%.