Nov 20, 2012, 11.20 AM | Source: CNBC-TV18

Enter Peninsula Land around Rs 60-62: Tulsian

Enter Peninsula Land around Rs 60-62, says SP Tulsian,

Enter Peninsula Land around Rs 60-62, says SP Tulsian,

Tulsian told CNBC-TV18, "We have seen huge corrections having taken place in Peninsula Land. The stock has corrected to about maybe Rs 65-66 and I think the entry point at about Rs 60-62 makes a good point."

He further added, "Same thing holds good for HDIL also because going forward, I am quite optimistic on their H2 performance because we will be seeing a good amount of TDR sales by the company, which will eventually bring down or reduce their debts also same thing holds good for Peninsula Land also because they will be starting their 19 acre plot land which they have acquired in Shirdi and that will be an addition. Apart from that they will be selling their premises in the Peninsula Business Park also. So these two stocks looks good as of now for making an entry from maybe a couple of months point of view."

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