IVRCL may give 20-25% return in six-eight months, says SP Tulsian of sptulsian.com.
SP Tulsian of sptulsian.com told CNBC-TV18, “Looking to the downside having taken place in IVRCL and the efforts by the management now being done for monetisation of the assets and whatever worse has to come has been seen into the results or into the working of the company.”
He further added, “IVRCL and NCC, suddenly you see them moving by about 8-10 percent and again goes back and correct maybe to a new lows and all that. So, one can look for this stock for a target if you are an investor with six-eight months time horizon, can look for a return of 20-25 percent. But if you are a trader then you can look for a short-term with a target of maybe about Rs 20-23.”