Dhanlaxmi Bank can move to Rs 90-100: Tulsian

Dhanlaxmi Bank can move to Rs 90-100, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "On Dhanlaxmi Bank I am holding my positive view because I know that the assets are quite rich. Because there was some problem, we have seen the change in the CEO also. In fact, the problem with the bank is that they have been unable to inject the second round of fund requirement, which they have not been - earlier they have been contemplating to do that at Rs 130-150 but now I think because of the branch portfolio, because of the good tax savvy nature of the bank, the assets and the valuations are very much in place."
He further added, "I will be keeping my positive view because definitely some sort of arrangements will result into the fresh fund infusion in the bank, which can rerate the bank vastly and can take the share price to move close to about Rs 90-100."