Buy Polaris below Rs 110, says SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, “Polaris management has confirmed that they are looking for a division sale and that is also likely to happen because they have not been able to do otherwise in respect to restructuring the company and all sort of things.”

He further added, “It is a matter of time, may be an upside can be taken at about Rs 125 because the news of the division sale has not been denied by the company. They have said that they are in the process of identifying the buyer and all sort of things. So, once can look to but wait for a dip and have some patience may be with a time horizon of about 1 month or so one can look to buy below Rs 110.”