Muthoot Fin will consolidate between Rs 150-160: Tulsian

Investment Advisor, SP Tulsian feels that Muthoot Finance will consolidate between Rs 150-160.

Tulsian told CNBC-TV18, "When Muthoot Finance went public I express my view that I see a fair value of about maybe Rs 160 on the listing, so they should not have come off IPO beyond Rs 150. And now since the share reached almost to my level but because of the weak market sentiments it is not helping. So maybe between Rs 150-160 it will consolidate or it will settle for sometime where once we see the results coming in from the company for March quarter then probably the renewed buying will start at these levels but in my view it seems to have bottomed out.