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Investment Advisor, SP Tulsian is of the view that buy Tinplate Company of India, with a target of Rs 83.
Tulsian told CNBC-TV18, "My third stock for the day is Tinplate, this is a Tata Steel company in which they are holding 45% stake and the company has been doing quite well. They have been posting very good results since FY10 and the same trend of results is likely to continue in FY11 also where the EPS could be over Rs 10 with topline in excess of 1,000 crore. The share has come again in the limelight and we have seen very good delivery base buying having taken place yesterday so that could indicate a possible corporate move or maybe the better working ahead from the company even in Q2 and going forward for FY11 as well. So the stock has been recommended with a day target of Rs 83 but it can move to Rs 100 maybe by end of December 2010."
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