Don't see fair value of more than Rs 200 for MMTC: Tulsian

SP Tulsian of sptulsian.com says he doesn’t see a fair value of more than Rs 200 for MMTC.

Tulsian told CNBC-TV18, “I have been maintaining from last 18 months that in Minerals Trading Corporation of India (MMTC) I don’t see a fair value of more than Rs 200 because if the company has an EPS of Re 1 there is no justification for the stock which was ruling at one point of time at Rs 900. That was largely because of low float, the public float is hardly 15-20 basis points.”