BS TransComm has target of Rs 200: Tulsian

BS TransComm has target of Rs 200, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "BS TransComm has made their IPO at Rs 248 in fact they have to go for the reduction in the price band also. If you see the product profile they are making the telecom and power transmission equipments and apart from providing the hardware the company is also into providing the solutions to the tower business for which they have acquired one-two IT companies." He further added, "The best part is that now the company is increasing their capacity of tower making from 36,000 tonne to 240,000 tonne, part of that capacity has already been operational and they are going for the backward integration also with their own structural deals and all that and that has started reflecting in their financial performance, H1 they have already shown a topline of close to about Rs 370 crore with bottomline of close to about Rs 18 crore, which translates into an EPS of about Rs 9 on the expanded equity and if I take a call on FY12 probably they will be having topline of more than Rs 1,000 crore and EPS of close to about Rs 25." "Because of bad record at the time of the IPO the share is now ruling practically at 50% of its issue price, so this is the entry point where if one can take a call on this stock with a view of six months. I don