Buy Oswal Chemicals: SP Tulsian

Tulsian told CNBC-TV18, "Oswal Chemical is having net worth of close to about Rs 2000 crore and majority of that fund is lying in cash. This cash has been largely utilized by the company for development of the real estate project at Chembur and we have been seeing renewed the informed buying in the stock for last 3-4 months but because of this recent crackdown in the market the share has corrected and it looks a good buy from 2-3 months point of view. But I have taken a buy call for the day with a day target of Rs 79 and stop loss of Rs 70."

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