Pantaloon Retail can move above Rs 200, says SP Tulsian

Pantaloon Retail may divest their stake in the general insurance and life insurance in the near future, which can be seen to be a big trigger for the stock and can make it move beyond Rs 200, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "We have seen the accumulation happening in Pantaloon Retail for whole of last week and that indicates that probably any news flow which is now expected that company may divest their stake in the general insurance and life insurance in the near future, that can be seen to be a big trigger for the stock and can make it move beyond Rs 200."
He further added, "Second stock which comes in my mind is Godrej Industries which is holding sizeable stake in the Godrej Consumer Products, which has been hitting 52-week high as well as they are the promoter or holding company for the Godrej Properties also which is also doing quite well. So maybe an upside of about 5 percent can be expected in this stock."
"Third stock which comes in my mind is Adani Enterprise. The kind of beating which we have seen in this stock because of the erosion in the valuations of Adani Power and Adani Port, both are the subsidiary of this company and actually the OFS frequently happening in Adani Enterprise now seems to have made the stock to bottom out and we see the stocks bouncing back once they hit the bottom, which we have seen maybe in the case of Orchid Chemicals, so a similar kind of jump can be expected. I will not be surprised to see a rise of even 10 percent in this whole of the March series."
"Last stock from the midcap space looks the SpiceJet. The Jet-Etihad deal which is expected to happen maybe in the next week is bound to re-rate this company also because of the positive bias. Once we will get to see the valuation which is expected to be anywhere between Rs 675-700 per share for the Jet Airways to be given by Etihad Airways is going to re-rate this stock also vastly, which can make it move by about 15 percent maybe in one go or maybe in the very near-term once the news is out. So these are the four ideas for next week for the investors and traders."