SP Tulsian view on Camlin

SP Tulsian, sptulsian.com feels that there is not much upside in Camlin. One can only play for short term trading bump in the stock.

Tulsian told CNBC-TV18, "If you see about maybe 60 lakh shares which is 10% of the Camlin stake has changed hands yesterday in the delivery form and the talk has been there. But there is some un-clarity because if you go by the shareholding pattern about 35% stake is held by the promoters and 19% stake is held by the four investors which are called as associate or some acquaintances of the promoter, so I do not know whether the 10% stake has been sold by the promoter or those investors." He further added, "If you take that into considering but even if you take a fundamental call I do not see any value beyond Rs 60 because if you go by the financial performance about Rs 300-350 crore of the company top-line and EPS close to about Rs 2 for FY10 I don