Sep 04, 2012, 10.44 AM | Source: CNBC-TV18
Buy JSW Steel, says SP Tulsian of sptulsian.com.
SP Tulsian (more)
CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO
Tulsian told CNBC-TV18, "For JSPL maybe from a fundamental or investor point of view I will look at Rs 300-310 but the regulatory move or actions remains a overhang. But I am very bullish, very positive on JSW Steel from current levels. Because I don’t see the merger of JSW Ispat to be so negative because of some favourable points like JSW Steel to increase their stake to 15%, they will be bringing an additional fund of Rs 1500 crore; the tax benefit and the people have been talking of absorption of loss of JSW Ispat."
He further added, "As such the losses were booked to the extent of 48% being an associate share of the company in the consolidated results. So I am keeping my positive view on JSW steel, if it corrects to about Rs 650-660 that makes a very good entry point but even at current rate of Rs 660 I will be comfortable buying it."
Adi Godrej, Chairman, Godrej Group, feels that cut
Ashwani Gujral of ashwanigujral.com recommends buy
Net Sales are expected to increase by 8.6 percent
Net Sales are expected to increase by 12.8 percent
Ashwani Gujral of ashwanigujral.com suggests buyin