Avaya GlobalConnect looks good: SP Tulsian

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Avaya GlobalConnect looks good: SP Tulsian

Avaya GlobalConnect is looking good from 12-24 months perspective, says Investment Advisor, SP Tulsian.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about AGC Networks See messages about AGC Networks AGC Networks BSE | NSE 31/05/12 Are Mutual Funds betting on AGC Networks?

Avaya GlobalConnect is looking good from 12-24 months perspective, says Investment Advisor, SP Tulsian .

Tulsian told CNBC-TV18, "In Avaya GlobalConnect if open offer goes through which has been demanded by the Reliance Mutual Fund could just be a sweetener because even if I just focus myself on a standalone basis at Rs 190 it is a very good company. Coming on the acceptance ratio I think it could be as high as 60-70% in the company but one needs to take a call. If it happens that way then it will just be a sweetener but even on the fundamental basis on the standalone though the stock is very thinly traded that is the only disadvantage with the company but if you have a 12-24 months perspective I think this is a very good stock at these levels. In fact there is a strong case for the Reliance Mutual Fund to ask for this open offer by the acquirer."