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Remain invested in Nu Tek: Tulsian
Investment Advisor SP Tulsian is of the view that one can remain invested in Nu Tek. This is a new listing, they are into the telecom infrastructure providing companies with a topline of close to Rs 100 crore EBDITA margin of 33%
Investment Advisor SP Tulsian is of the view that one can remain invested in Nu Tek .
Tulsian told CNBC-TV18, "Nu Tek India is a relatively good stock. Since I closely track the IPO's, this is a new listing, they are into the telecom infrastructure providing companies with a topline of close to Rs 100 crore EBDITA margin of 33%, we have seen the kind of demand when you talk to these tower or telecom companies, they say that the suppliers are not available to them. So they have a good growth visibility for the next 2-3 years, they should be able to post an EPS of close to Rs 25 for FY09, and if you have that call pure as a fundamental play, though I again say that in the newly listed stock you do see the momentum taking place in all these counters but relatively, Nu Tek is a much better stock and if someone has a 6 month horizon, on the stock so really remain invested."
