Limited downside seen in Orbit Corp: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, “Opto Circuits can really fall as high as 50 percent in next two-three months time.”

He further added, “For Orbit Corp I do not think that much downside is really seen, because maybe the debt has been keeping it under the negative clouds because of the negative view on real estate and because of the huge debt prevailing in the books of the company. Honestly, I do not see much downside from hereon. So these are the two stocks I will pick and choose.”

Orbit Corp touched its 52-week high Rs 65.80 and 52-week low Rs 15.50 on 08 October, 2012 and 03 June, 2013, respectively. Currently, it is trading 75.99 percent below its 52-week high and 1.94 percent above its 52-week low. Market capitalisation stands at Rs 180.06 crore.