Tulsian told CNBC-TV18, "Shyam Telecom has price target of Rs 84. This is a leading maker of telecom equipments providing services to over 100 networks in 5 continents. The company has posted quite good results for Q1 with topline of close to about Rs 138 crore with bottomline having reported for the first time in black."
He further added, "If we see the overall growth potential and the demand of the products of the company with very high promoters' stake and having a strong presence of over 20 years in this field, the share has excellent growth opportunity in the times to come and can move to about Rs 100-120 in next six-eight-twelve months."
