Sell Escorts, says Somil Mehta

Somil Mehta of Sharekhan advises to sell Escorts.

Mehta told CNBC-Awaaz, "Investors should sell Escorts with a stoploss of Rs 74. The stock is looking weak. If it breaks the level of Rs 66 then we can see level of Rs 58 in future."
The company's trailing 12-month (TTM) EPS was at Rs 13.14 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 5.38. The latest book value of the company is Rs 158.75 per share. At current value, the price-to-book value of the company was 0.45. The dividend yield of the company was 2.12%.