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Last Updated : Jul 03, 2013 06:05 PM IST | Source: CNBC-TV18

SP Tulsian negative on IVRCL

SP Tulsian of sptulsian.com says that one may enter IVRCL at around Rs 15 with a view of two to three months.

SP Tulsian of sptulsian.com told CNBC-TV18, "I won't keep my positive view on Punj Lloyd because I have been maintaining my negative view for last six months and I continue to do that. We have seen in case of IVRCL when it came out of F&O, it corrected to a level of Rs 13 and then quickly bounced back to a level of Rs 17-17.50."

"So, maybe sub Rs 15 could be a good entry point for the stock to take a call but with a view of two to three months," he added.

The share touched its 52-week high Rs 55.15 and 52-week low Rs 11.80 on 05 July, 2012 and 25 June, 2013, respectively. Currently, it is trading 71.71 percent below its 52-week high and 32.2 percent above its 52-week low. Market capitalisation stands at Rs 478.74 crore.

First Published on Jul 3, 2013 06:05 pm