Rs 21-22 seems to be fair level for NHPC: Tulsian

According to SP Tulsian of sptulsian.com, Rs 21-22 seems to be a fair level for NHPC.

Tulsian told CNBC-TV18, “NHPC - people may find it little strange but there was margin call, may be two-three Ahmadabad brokers have been going long by availing large amount of funding in this stock and we have seen huge shorts getting created in F&O space also. So when the bears get to know the long position having created on the margin funding and see that position as quite fragile they come and start dumping in the market. You can say there is a war between two sections so this seems to be the case because of that. And as such if you see the price of NHPC in February it moved to Rs 28 plus which was not justified. So yes Rs 21-22 seems to be a fair level because now the positions seem to be getting cleared, whatever funding problem had to happen has happened.”