Exit Unichem Laboratories at Rs 195: SP Tulsian

SP Tulsian, sptulsian.com is of the view that one can exit Unichem Laboratories at Rs 195.

Tulsian told CNBC-TV18, "Unichem Laboratories has sold their formulation unit to Mylan Laboratories for Rs 160 crore on a slump sale basis. So, that will definitely be improving their performance. I am taking an Rs 15 EPS of the company for FY13 considering their nine months results, which they have already posted.”
He further added, “Generally in case of Unichem Laboratories we see the spurt coming in, in a quick succession and since the up move has started beginning I won’t be too bullish on the stock. In next two to three months, I don’t think that stock can move beyond Rs 200 because that will be seen quite difficult for the stock to move beyond that if you expect an EPS of close to about Rs 15. So, a target of Rs 195 with a time horizon of two to three months where one can look to exit.”