SP Tulsian upbeat on IVRCL

SP Tulsian, sptulsian.com is upbeat on IVRCL.

Tulsian told CNBC-TV18, “IVRCL selling stake, very positive. In fact that indicates that probably the road sector, still there appetite because Tata’s have bought two operational roads of 100 kilometres and third one is under construction of 54 kilometres. In my view Rs 2,200 crore for two operational and one under construction which will go on steam in the second half of June of 2014, in my view that’s very positive.” He further added, “Apart from that, IVRCL has said that they have nine build-operate-transfer (BOT) projects and road projects of which three also will get monetised in next six months. So the continuous process by the company of monetising their assets which they have indicated earlier, in fact there was some lull or maybe some time gap, they were not able to monetise their assets. So now it indicates that yes, it’s a very positive move and if they continue with the same time interval maybe in next three-four months, they monetise to couple of road project or maybe water projects which they are holding as BOT - that will be seen quite positively because the stock as such is ruling at its almost lowest level and I don’t think that from hereon you have any downside fear. So yes, a very positive move for the stock with a view of about three to four months.”