BF Utilities can move to Rs 425, says SP Tulsian

BF Utilities can move to Rs 425, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “BF Utilities, any clearances from the government has come for the Nandi Infrastructure project then obviously- because there is a lot of land parcels, which will be released for the development on the Bangalore tranche and they are holding very rich assets there and this is a very high-beta stock.”
He further added, “Whenever we see this kind of news coming in then stock continuously moves for 2-3 days and maybe by about 6-8%. So in this run up I am expecting that share could move to about Rs 425 in this week if this clearance news is correct or anything is coming of that sort.”
“One can only take a trading call on Delta Corp. I don’t think that fundamentals really justify because if you have seen the results for the last three quarters of the company, Q4 was flat, Q3 was again largely boosted by the realty sales in the African part where the development work is varied out. So you can only take a technical call on the stock because we generally see whenever the trading interest gets revived the stock moves up by Rs 6-8 very quickly, so I don’t think that much downside is seen from here on. One can take a long position for a gain of about Rs 6-8 in next couple of days or so.”