Indraprastha Gas may rally to Rs 345- 350: SP Tulsian

Indraprastha Gas may rally to Rs 345- 350, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Indraprastha Gas (IGL) number really looks very good. I won’t be surprised to see company posting an EPS of Rs 30 plus for FY13 and if we have some kind of relief from the Supreme Court in the PNGRB matter, I think the matter is likely to come up for hearing maybe in this month or so. This can take the share back to about Rs 345-350, which I have been maintaining for quite sometime that that will be the situation.”
He further added, “One can pick and choose many of the real estate stocks, I will be keeping my eyes on two stocks that is Anant Raj Industries and HDIL both will be declaring their results day after tomorrow and it will be interesting to see, I am not expecting much TDR sales to happen in HDIL, inspite of that things are looking to be better. Going forward the kind of indications which will be coming in from the company, from HDIL in respect to the TDR sales in the second half that will be very interesting to see and the kind of projects we have been seeing getting launched specially in Mumbai everyday, every weekend we see the newspaper flooded with the advertisements of the builders. In fact the off take has really picked up very well. Under-construction properties by the people and that indicates positive stance. So, you can in fact keep a positive stance on may be the stocks like Peninsula inspite of having seen a huge run up, Brigade, Prestige Estates, DB Realty, HDIL and Anant Raj Industries and all.”