SP Tulsian, sptulsian.com is positive on Anant Raj Industries with a time horizon of six to eight months.
Tulsian told CNBC-TV18, “Anant Raj Industries has given the target that by FY14 they will make the company debt free. In fact if you see the status of this company may be up to 2009 or 2010 it was a debt free company but since they raised a debt of close to about Rs 1200-1500 crore, they ran in little trouble and the profitability dipped, but they have a very good portfolio of the projects. In fact they have mix of all.”
He further added, “What I like about the company is that many of their completed premises are on lease and they fetch a very good rental income or the annuity income from that. Since their development projects or may be the completion of the projects are very much on schedule, the only problem which used to exists with the company is the portion of the debt which they seem to be determined in reducing it or making it debt free may be in the next one year or so, so, keeping a positive view on the stock from that angle with a time horizon of six to eight months.”
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