Monday, April 9, 2012

Sell BHEL on rally: Sukhani

Sukhani told CNBC-TV18, "BHEL has just hit a resistance and we saw a big move last week on the last trading day. But I think that is it and that is done away with. There was some news and it is touching a level it will find difficult to cross. So for me this is a sell into strength stock, sell on rallies. BHEL charts are not at all attractive now. It needs to do a lot of work before we can say the trend is up. The trend here is down."

The company's trailing 12-month (TTM) EPS was at Rs 125.82 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 2.12. The latest book value of the company is Rs 82.34 per share. At current value, the price-to-book value of the company was 3.23. The dividend yield of the company was 2.34%.

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