Tulsian's view on Crompton Greaves

The moment we see any short positions getting covered and all that should see a rise in Crompton Greaves price from hereon, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "For Crompton Greaves I think there is no respite because last evening we have seen the news of now SEBI looking into the sale by Mr. Trehan of about 180,000 shares because if you see the selling made by though it has all been intimated to stock exchanges but they all came at the fag end of the quarter when at least the executives were all known about the facts of the performance of the company and all that, though it coincided with demitting the executive role in the company. So except for that I have been keeping my positive view."
He further added, "Yesterday also of L&T, Wockhardt, we have seen whenever the stock takes beating because of this one bad quarterly results gives an opportunity because you cannot write-off this company as I said topline to marketcap of 1x and in fact if you see not much leverage positions they have been very aggressive in the overseas acquisitions and all that, in the last 12 months they have made about 3-4 acquisition maybe the integration pain will remain there on the overseas account because you have not seen any concern on their domestic operation. So barring that