Friday, 3 July 2015

Stay away from Tech Mahindra

Hemindra Hazari, Independent Market Expert told CNBC-TV18, " Tech Mahindra is one of those stocks which has disappointed because the analysts at one time were reacting to be quite positive on the stock. Then you had fourth quarter results and you had this first quarter, now profit warning coming out which obviously, all is not well in this company. One should remain cautious and stay away from this stock until we see some stability in the topline as well as bottomline." The company's trailing 12-month (TTM) EPS was at Rs 23.46 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 20.06. The latest book value of the company is Rs 89.39 per share. At current value, the price-to-book value of the company was 5.27. The dividend yield of the company was 2.12 percent.

Read more at: http://www.moneycontrol.com/news/stocks-views/stay-awaytech-mahindra-hemindra-hazari_1783121.html?utm_source=ref_article

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