GTL may test Rs 60, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "I don't think that there is any problem in both the stocks GTL and GTL Infra , going forward now the balance sheets have got the relief of the re-schedulement or the CDR package and everything. If you see now its better to take a call on 30000 towers held by the company. "
He further added, "It will be very interesting once the deal of Reliance Communication happens on the sale front. Then you can take a call on the enterprise value because there is all the logic that one must combine the GTL and GTL Infra together because the ultimately the holding of GTL Infra is held by GTL which constitutes its major part of the business or the revenue or the valuation. Taking all those into consideration the stock has the potential maybe to move further from here on maybe about 20-25% but the concerns on the management are going to remain from here after but on the asset front maybe the earnings will start catching up so taking those things into consideration, the stock one can look to a price of about Rs 60 and Rs 16 for both these stocks."
