Hind Nat Glass has target of Rs 194: Tulsian

Tulsian told CNBC-TV18, "I have a target of Rs 194 on Hindusthan National Glass and Industries. This company has 11 furnaces and 44 production units. They are making six million of bottles per day with capacity of about 5ml to about 3,200 ml. If we see the product profile of the company, I think they have all the top companies whether it is soft drink makers, pharma companies, processed foods, distilleries and that is the reason they have been ramping up their financial performance every year.”

He further added, “The company has recently gone for a stock split and the share is now with a face value of 2. By adjusting the financial performance for FY09, they had an EPS of close to about Rs 12 on a face value of 2 and looking at the H1 performance of FY10 they have already posted an EPS of Rs 12. So that means for FY10 one can easily expect an EPS of close to Rs 25 on a face value of Rs 2. So, this stock has a huge potential in the time to come. I am quite bullish on this stock and this is my buying recommendation for the day."