IVRCL can move to Rs 54- 55: SP Tulsian

Tulsian told CNBC-TV18, "I am maintaining my positive view on IVRCL for many reasons. One, we have discussed about the order inflow for the pure contracting construction company. Secondly I am expecting that probably the renewed buying interest by the Essel Group is going to stop, because I don’t think that things can really remain lull for such a long time."

He further added, "We have seen the cooling period having announced by the Essel Group maybe couple of months back and thirdly if you see the kind of news flows pending with the company like the sell of Hindustan Dorr Oliver stake, the merger of the IVRCL asset in the company which is likely to get completed in next 30-45 days. So all these things are quite positive and because of that I am finding huge value in the stock and maybe the stock could move to about Rs 54-55. This run is likely to continue and I remain positive on the stock."