Welspun Guj has target of Rs 209.50: Tulsian

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Welspun Guj has target of Rs 209.50: Tulsian

Investment Advisor SP Tulsian is of the view that Welspun Gujarat Stahl Roh has target of Rs 209.50. This company is presently the second largest pipe producer in the world is aiming to become number one player with integrated operations of plate and coil mill.

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ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Welspun Guj See messages about Welspun Guj Welspun Corp BSE | NSE 10/02/12 Are Mutual Funds betting on Welspun Corp?

Investment Advisor SP Tulsian is of the view that Welspun Gujarat Stahl Roh has target of Rs 209.50.

Tulsian told CNBC-TV18, "My pick is Welspun Gujarat at Rs 201.50 with a target of Rs 209.50. This company is presently the second largest pipe producer in the world is aiming to become number one player with integrated operations of plate and coil mill as well as of the steel making capacity of Vikram Ispat. They have huge expansion plans not only in India but also in US with a very good orderbook position and a comfortable financial performance with an EPS of close to about 12 for FY09. The best part is that they have been posting the highest EBDITA, topline and bottom-line growth in the sector compared to the other peers."