Buy Pipavav Defence at current levels: SP Tulsian

Buy Pipavav Defence at current levels, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Pipavav Defence, may be in the past there was all kind of talks, the kind of infrastructure which we have seen getting created by the company and the kind of joint ventures and the tie-ups they have made, it would not have been possible unless until the company has that kind of value and infrastructure. It is unfortunate that we are seeing this margin call pressure really happening. In the morning the share was ruling quite normal, but may be from 1:30 it started correcting again and we have seen it falling.”

He further added, “There are definitely cases of some financial problems or the margin call pressure which we have discussed. But it definitely looks a good buy, but as I said, what is the price at which you can look up on, whether it is Rs 50 or whether it is Rs 55, that’s difficult to take a call. But one thing is sure that it has a value, it has the assets. So, even if somebody is brave enough and if he buys the stock today may be at Rs 55-56 he is going to see the price of Rs 70-75 in the next couple of months or so.”