Invest in Blue Dart Express around Rs 1900: Tulsian

Invest in Blue Dart Express around Rs 1900 with a view of 6-8 months, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Blue Dart Express - if you see a day prior to the offer for sale, we have seen strangely the stock moving up while all the other stocks wherever we have been seeing stake dilutions by the promoter to 75 percent, we have been seeing weak trend going on.”

He further added, “In Blue Dart purely on fundamentals and some of the HNIs which are already holding the stock, they have been taking quite a bullish stance on the stock. Though one can argue that the stock is looking little expensive on the fundamental basis but going forward also once the process of stake dilution has happened to about 75 percent for the promoters, I am keeping quite positive stance going forward. And since delisting is not there, one should look for a lower price of about Rs 1900 where one can take an investment call with a view of 6-8 months.