Don't invest in Ballarpur Industries: P Phani Sekhar

P Phani Sekhar of Angel Broking is of the view that one should not invest in Ballarpur Industries.

Sekhar told CNBC-Awaaz, "Investors should not invest in Ballarpur Industries with a long term view. It is leader Company in paper space but company's capital earning is not more than 15-16%. This is not a good time to invest in paper space."
He further added, "One can buy this stock with a trading perspective but not for long term."
The company's trailing 12-month (TTM) EPS was at Rs 0.46 per share. (Mar 2011). The stock's price-to-earnings (P/E) ratio was 60.00. The latest book value of the company is Rs 25.65 per share. At current value, the price-to-book value of the company was 1.08. The dividend yield of the company was 1.81%.