SP Tulsian, sptulsian.com shares his view on NIIT .
Tulsian told CNBC-TV18, "NIIT deal, it is definitely a positive deal because that will largely be de-leveraging the books of the company because I don't think that the revenue loss will really be made good by the company but the corresponding weakly in the debt will help the company."
He further added, "I don't think that there is much upside left behind in the stock. I don't think that it can really move beyond Rs 53-54. Now it is ruling at close to about Rs 50 maybe partly because of the positive bias or maybe the renewed buying interest coming in the stock because of this deal. But I don't think that this will really sustain beyond Rs 53-54."
