HomeNewsBusinessMarketsSP Tulsian's cherry picks: Marg, DCB

SP Tulsian's cherry picks: Marg, DCB

SP Tulsian of sptulsian.com in an interview to CNBC-TV18 spoke about his top picks for the day. He sees Marg and DCB having the potential to fetch good returns ahead.

September 13, 2011 / 18:44 IST
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SP Tulsian of sptulsian.com in an interview to CNBC-TV18 spoke about his top picks for the day. He sees Marg and DCB having the potential to fetch good returns ahead.

"Marg has posted good performance on standalone basis.Once we see renewed buying interest coming in stock Marg has the potential to move to about Rs 115 next one year but with a very limited downside." "DCB has improved its working in FY11 and hence posted profit in FY11. Wherever there is news about stake sale by promoters the stock witnesses a sharp upmove. The stock is likely to be in Rs 45-65 range in six-12 months time frame." Check out: F&O strategy for RIL, Petronet, Kotak Mahindra Below is the edited transcript of his interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. On Marg The company has a very interesting portfolio; they are into EPC, construction, realty and engineering projects. They have already commissioned first phase of Karaikal Port with capacity of 5.25 million tonne of cargo. They have ship repair yard and two integrated SEZ in townships. Considering relatively larger companies than this, their financials have derailed. They have not been able to stick to the financials. Their balance sheet is over leveraged. There has been delay in their projects but these weaknesses are not seeing with respect to this company. On a standalone basis the performance has been quite good. On a consolidated basis, they posted a top line of Rs 1,000 crore, dividend payment of 20% and EPS of close to Rs4-5. Their current market cap is around Rs 300-310 crore. All these things give confidence that the share at Rs 80 looks to have corrected a lot. Once we see renewed buying interest coming in stock Marg has the potential to move to about Rs 115 in next one year but with a very limited downside. On DCB Since the release of RBI guidelines, NBFCs say that they have aspirations to enter banking. If one makes a list there are around 20-25 aspirants. But I don
first published: Sep 7, 2011 08:30 am

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