SP Tulsian of sptulsian.com is negative on Indowind Energy .
Tulsian told CNBC-TV18, "I have my strong negative view on Indowind Energy because if you see the stocks, since they went public it is difficult to make out whether they are into wind energy, into the generation or into the maintenance of the wind energy project and infact if you see the kind of dilution they seem to be focusing more on the maintenance of the wind energy equipments and all that. You don't need that kind of investments because there has been dilution. Post public issue also even the IPO money raises the concern."
He further added, "So I have my strong objection. I don't know till how long they can keep on mobilizing the funds and keep on running the show. I don't see any kind of fundamentals on this stock."
