PSL may touch Rs 100: Rupani

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PSL may touch Rs 100: Rupani

PSL may touch Rs 100, says Aunali Rupani, Director of Arm Research.

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ALSO READ See previous views by Aunali Rupani See what other Experts & Brokerages are saying about PSL See messages about PSL PSL BSE | NSE 30/05/12 Are Mutual Funds betting on PSL?

PSL may touch Rs 100, says Aunali Rupani, Director of Arm Research.

Rupani told CNBC TV18, "PSL is India's largest pipe manufacturers. The market cap of the stock is just Rs 396 crore. We are expecting 30% growth in earning this year."

He further added, "The lifetime high of PSL is close to Rs 450, it corrected from Rs 450 to Rs 65 levels again bounce back to Rs 165 levels. It is now trading at Rs 75 levels my expectation is that it can easily touch Rs 100 in the months to come and target for the day is Rs 77,"