Sell Tata Steel, advises SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "I think Rs 425-430 should be taken as resistance for Tata Steel . Probably the consolidation or the distribution will start from that level. So it will be risky to trade. Those who have been holding the position should look to exit maybe at the current levels as well."

On December 4, Tata Steel closed at Rs 414.30, up Rs 5.10, or 1.25 percent.

The share touched its 52-week high Rs 448.10 and 52-week low Rs 195.40 on 07 January, 2013 and 07 August, 2013, respectively.

The company's trailing 12-month (TTM) EPS was at Rs 58.58 per share. The stock's price-to-earnings (P/E) ratio was 7.07. The latest book value of the company is Rs 568.46 per share. At current value, the price-to-book value of the company was 0.73. The dividend yield of the company was 1.93 percent. The stock's price-to-earnings (P/E) ratio stands at 7.07 on (NSE)

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