Tulsian told CNBC-TV18, "My pick for the day is Lok Housing with a target of Rs 64. If you see the valuations of the midcap realty company, it has caught on in last three-four months. They have good land parcels in the western suburbs of Mumbai where there has been good demand offtake and good demand for the flats. In fact company has not been carrying out any development or construction activity for past two years mainly because of the liquidity concern. But in the last couple of months they have started in a very massive way."
He further added, "The market cap of the company is close to about Rs 300 crore. The kind of valuations which is been given to all other companies in the same space, I think they are much more. This company is also eyeing for some big mega redevelopment projects in south Mumbai also and if that happens then that can give a big push to the company's fortune in the time to come."
"There was some concern in the past about the book of the company getting leveraged or maybe some concerns on the promoters. But all these are now coming to at a rest with other realty stocks having caught on with valuation. So maybe in next couple of months it can head towards maybe about at least Rs 80 but for the day target is Rs 64."
