Buy Pantaloon Retail around Rs 150: SP Tulsian

SP Tulsian, sptulsian.com advises short-term investor or a positional trader to buy Pantaloon Retail around Rs 150.
 
Tulsian told CNBC-TV18, “March series indicated that Pantaloon Retail is into the bear grip and probably that was the reason sometimes maybe the informed circle or maybe these kind of holding the stocks either on the positive side or on the negative side inspite of the contrary news coming in the stock does not move up.”
 
He further added, “I see this deal happening on the company already completed the life insurance front, now they have competed on the non-life business also. This is definitely seem to be quite positive and in fact nothing has got factored in. So, probably the effect of that will be seen in this week or maybe probably in this series where I will not be surprised to see the share moving up more than 20 percent in this series itself and that is a reason I advise buying the stock at Rs 150 either as a short-term investor or as a positional trader.”