A2Z Maintenance may settle around Rs 70-75: SP Tulsian

Tulsian told CNBC-TV18, “A2Z Maintenance, if you see the financial results having posted by the company for last three quarters and their plans of all in the small pockets of the northern part of India, the small power generation plants and all that, I don’t think that the company or you can say that company has totally lost the direction and the kind of financial performance they have posted is really horrible.”

He further added, “I don’t think that even at this value though the share is up maybe because of the shares having acquired by Rakesh, the additional stake which he has been doing in many other companies I won’t be taking any investment call on this stock, because the kind of business model they are in is very usual kind of thing. The main focus of the small power plants and all that which I have said are not going to really take off and it will be very difficult on part of the company to manage all those things. So whole of FY13 is going to again see the similar kind of profitability or the financial performance having posted by the company in last two or three quarters. So that is not giving any respite. But still if you need to attribute some fundamental value that can only be seen at about Rs 70-75.”