Buy Jindal Poly Films: SP Tulsian

Published on Thu, Aug 11, 2011 at 12:44 |  Source : CNBC-TV18

Updated at Thu, Aug 11, 2011 at 15:21  

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Buy Jindal Poly Films: SP Tulsian

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Buy Jindal Poly Films , says SP Tulsian, sptulsian.com

Tulsian told CNBC-TV18, "Buy Jindal Poly Films. This is the one of the largest pet and BOPP filmmaker and the board of the company is meeting tomorrow for share buyback. If we see the financial performance of the company for FY11, EPS was more than Rs 120 and for FY12; EPS is likely to be more than Rs 80."

He further added, "In the couple of years back also the company initiated a share buyback and had actually affected share buyback of Rs 53 crore, so this is again a serious attempt on part of the management to create value for the shareholder. The day target has been given at Rs 260 with stop loss at Rs 246."

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