Multibagger ideas: Tulsian's picks that can give 30% return

SP Tulsian, sptulsian.com is bullish on Piramal Glass and Elgi Equipments. According to him, these stocks can give around 30% return from the current levels.

May 02, 2011 / 14:30 IST
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SP Tulsian, sptulsian.com is bullish on Piramal Glass and Elgi Equipments. According to him, these stocks can give around 30% return from the current levels.

Jay Bharat Maruti is also one of his multibagger ideas. "One can expect a price of Rs 105-110 in next six months on the stock." Below is the verbatim transcript of his interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying videos. Q: Piramal Glass, what is the story there? A: Piramal Glass has reported excellent results. If you see the Q4 results, the top-line, on consolidated as well as on standalone basis, grew by about 15%. But, on a standalone basis, the bottom-line grew by about 535%. That means the Indian operations have been doing very well. Even if we take the consolidated operations for Q4, the bottom-line grew by about 200%. That is the reason that the company or the board has increased the dividend also for this year to 35%, last year it was at 10%. If you see by the overall performance for FY11, top-line is close to about Rs 1,250 crore with profit after tax (PAT) of about Rs 93 crore and cash profit of about Rs 200 crore which resulted into an EPS of about Rs 11.50 and cash EPS of close to about Rs 24. Their US and Sri Lanka operations have been doing well. Domestic operations have performed better since last year. Going forward, I won
first published: May 2, 2011 09:24 am

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