Hold IVRCL Infrastructure and Projects: Tulsian
Hold IVRCL Infrastructure and Projects, says SP Tulsian, sptulsian.com.
February 14, 2011 / 14:29 IST
Hold IVRCL Infrastructure and Projects, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "One should hold IVRCL Infra. In fact if you go by their Q3 result, which has been declared on a standalone basis, they have posted a topline of close to about Rs 1,400 crore with bottom line of close to about Rs 42-43 crore giving an EPS of Rs 1.40. I think the business model is very much in place, they have the order book of close to about Rs 10,000 crore."He further added, "If you have any company which has the business in place, which has an order pipeline and if the business is resulting into the profits, which we are not seeing in case of Punj Lloyd, so I think there is no problem. If you go by the present market cap of the company also it
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