Expect sell-off in Texmo Pipes: Tulsian

Published on Tue, Mar 16, 2010 at 17:43 |  Source : CNBC-TV18

Updated at Tue, Mar 16, 2010 at 20:22  

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SP Tulsian, Sptulsian.Com

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SP Tulsian of Sptulsian.Com believes that Texmo Pipes will see sell-off in 15-20 days.

Tulsian told CNBC-TV18, "Texmo Pipes will crack (was trading at Rs 150), but that will take 15-20 days time. Because when you know that the deal has taken place in respect to the subscription of the issue and the kind of modus operandi we have been seeing in on part of the so called operator, so definitely it is a matter of time, it could be 15-20 days or a month. The satta never gets broken just in couple of days time, it lasts for about 15 days. You need to have the retail investors trapped in and until and unless they burn their finger how that so called operator will make money."

  

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