Tulsian told CNBC-TV18, "ADAG stocks, run have resumed from today maybe either that is to do with some developments happening behind the curtain or maybe with the overall bullish trend of the market. But I maintain my view that I don't see any positive or extraordinary especially in Reliance Infra and Reliance Capital . So probably in spite of seeing huge run up today by about 5-7% in both the stocks probably I will remain away from that."
He further added, "In Reliance Communication I have been maintaining my view that over six months I see huge value. Maybe a week or couple of week's back I spoke that I won't be surprised to see price of Rs 120-150 depending on the events that get unfold, depends on hiring of the towers by Reliance Industry group then selling them and eventually then maybe acquisitions of the company by Reliance Industries Group. So if all the events are likely to happen in next six to eight months time then that can be a big value unlocking for Reliance Communications. So I am maintaining my positive view but in Reliance Infra and Reliance Capital I worry, maybe again we will see the profit booking coming in once the market subsides or settles at any particular level."
