Short Core Education, ABG Shipyard: Sudarshan Sukhani

Wed, Feb 27, 2013 at 14:18

Short Core Education and ABG Shipyard, says Sudarshan Sukhani of s2analytics.com.

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Short Core Education and ABG Shipyard, says Sudarshan Sukhani of s2analytics.com.

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Short Core Education, ABG Shipyard: Sudarshan Sukhani

Short Core Education and ABG Shipyard, says Sudarshan Sukhani of s2analytics.com.

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Sudarshan Sukhani

Technical Analyst

Short Core Education and ABG Shipyard , says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "For Core Education, ABG Shipyard and for the other midcaps the trade is to go short. Do not think of buying. That is far away now. But I must explain that Core Education , ABG Shipyard; all of these stocks are not in the F&O segment. So you cannot use Futures to short. You can only do intraday shorting."

At 13:57 hrs CORE Education & Technologies was quoting at Rs 64.60, down Rs 47.25, or 42.24%. It has touched a 52-week low of Rs 56.30.

The company's trailing 12-month (TTM) EPS was at Rs 12.67 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 5.11. The latest book value of the company is Rs 110.21 per share. At current value, the price-to-book value of the company was 0.59. The dividend yield of the company was 0.93%.

highlights

No hike in passenger fees by Railways
Railways propose hike in Reservation fee, Tatkal charge
Freight rates to go up by 5.8%
Railways to launch 67 new express trains, 26 new passenger trains

Economic Survey in favour of widening tax base and prioritising expenditure
WPI inflation may decline to 6.2-6.6% in March
Indian economy likely to grow at 6.1-6.7% in FY14
FY13 GDP growth seen at 5%

Railway minister has done a commendable job in meeting competing demands of improving services and controlling expenditure: PM
It is a reformist and forward- looking Budget: PM
If you look at the overall Budget, it was relatively muted and there was nothing exciting and no steps were taken, which would make the market happy: ICICI Direct
There is no major capex from the civil construction on the freight corridor, though some investments are coming on the metro side: KEC International

SECTOR IMPACT

Select Sector to see impact

Cement - Major
Infrastructure - General
Mining/Minerals

EXPECTATIONS

expectation on: People

Saurabh Mukherjea

Head of Equities | Ambit Capital

expectation on: Markets

Ridham Desai

MD and Head Of India Research | Morgan Stanley

expectation on: Markets

Ashok Wadhwa

Group CEO | Ambit Holdings

expectation on: Business

Laurent Dhaeyer

MD | Ogone Asia and EBS

expectation on: Markets

Rajesh Iyer

Head Investments & Family Office | Kotak Wealth Management

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