Buy Firstsource Solutions on dips: SP Tulsian

Published on Wed, Feb 22, 2012 at 15:55 |  Source : CNBC-TV18

Updated at Wed, Feb 22, 2012 at 16:06  

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SP Tulsian , sptulsian.com

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Buy Firstsource Solutions on dips, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, " Firstsource Solutions - we have started hearing that probably the stake sale will happen by ICICI Bank and we have been hearing the top two IT companies of the country, they are in the race to acquire it. So, I am hopeful that something is going to come out, but the kind of run up which we have seen or may be, the short term investors also coming in into the picture."

He further added, 'You need to take a longer term view. May be every dip should be used as a buying opportunity, Rs 11-12 could be a very good entry point and if somebody can keep a view of may be next couple of months they can see a price of anywhere between Rs 16-18. So, on a relative basis this stock can effectively give a return of 40% in next couple of months."

  

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