KS Oils can move upto Rs 25-26: Tulsian

SP Tulsian of sptulsian.com is of the view that KS Oils can move upto Rs 25-26.

Tulsian told CNBC-TV18, "We keep seeing this kind of movement particularly, in KS Oil, but honestly I see this more as a trading bump. But if you go by the pure fundamentals of the company, they have a one billion dollar topline with EPS of close to about Rs 4.25-4.30 paisa for FY11. So that translates share to rule at 5 PE multiple which is in line with all the solvent extraction or the edible oil makers. There are at least five- seven companies available in this space. So, maybe this trading bump can take the share price to move to about Rs 25-26 but post that again we will be seeing profit booking coming in."

He further added, "If you take the case of KS Oil promoter holding of 35% and market cap of about Rs 900 crore never gives the comfort to the market that promoters are seen or may be the informed circles seen playing more into the stocks making the trading gains out of it, showing lot of volatility. So I won