Remain invested in Pantaloon Retail: SP Tulsian

Tulsian told CNBC-TV18, “Only brave traders should remain invested into Pantaloon and that too with a positional view, there is no point in taking a day-to-day call. If you have that view, one can expect Rs 190 in this series which looks quite possible.”

He further added, “Always market gives thumbs up to this kind of news if the loan has restructured, which we have seen yesterday happening in case of HCC . The company has a debt of Rs 4000 crore plus and any kind of restructuring is obviously going to give them relief of 18-24 months in the form of moratorium for repayment of principals maybe the over due interest or the funded interest getting converted into the term loan. There is all kind of reliefs coming in. So market is always taking that as positive. So possible that ahead of that news it is firming up today.”