Exit Monnet Ispat, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should get out of Monnet Ispat; there will be a bounce hopefully so whenever prices go a little higher may be Rs 60-65 slowly one should get out of it. One should not keep it for the long-term."

At 11:47 hrs Monnet Ispat was quoting at Rs 51.30, down Rs 0.15, or 0.29 percent. It has touched an intraday high of Rs 51.90 and an intraday low of Rs 50.70.

The latest book value of the company is Rs 404.80 per share. At current value, the price-to-book value of the company was 0.13. The dividend yield of the company was 1.95 percent.

Disclosure: Analyst does not have positions in the stock.