Buy Sterlite Ind around Rs 80-82: SP Tulsian

One can buy Sterlite Industries (India) around Rs 80-82, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Since Sterlite Industries (India) is getting merged with Sesa Goa, on a swap ratio of 3:5 i.e. three shares of Sesa Goa will be issued for five shares held in Sterlite Industries."
He further added, "I will not advise you to buy the share now at these levels maybe a level of Rs 80-82 that could be an ideal level to enter into because I am keeping the positive stance on the merged entity, Sesa Sterlite. So it is definitely a quality stock to hold it even for a one-year point of view. Look for a price of Rs 80-82 for making an entry and remain invested with one-year view."