Buy Den Networks at Rs 160-165: Tulsian

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Buy Den Networks at Rs 160-165: Tulsian

Buy Den Networks at Rs 160-165, says Investment Advisor SP Tulsian.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Den Networks See messages about Den Networks Den Networks BSE | NSE 10/02/12 Are Mutual Funds betting on Den Networks?

Buy Den Networks at Rs 160-165, says Investment Advisor SP Tulsian .

Tulsian told CNBC-TV18, "In Den Networks Rs 195 seems to be the fully priced level or could be at about Rs 190 but I don't think that it deserves a listing of or the price ruling at around Rs 155-160. It should catch on anywhere between Rs 175-190 in next week or so once the selling pressure gets tapered off. Because one needs to strictly compare the company with WWIL and since this company has been able to hold a topline of more than Rs 750 crore on consolidated basis with bottomline just marginally at or in black, gives a lot of comfort when comparing with the WWIL ."

He further added, "If somebody has the courage and vision because we have all been talking of 2-3 years view on other IPOs, which went public recently but if somebody can take a call for three-six months on the stock, one can reasonably expect a 20% return if he/she acquires the stock. I don't know what was yesterday's closing but even at Rs 165-160 should make a good buy with three-six months view."