Swaraj Engines can test Rs 515: SP Tulsian

Swaraj Engines can test Rs 515 in next 10-12 months, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "M&M has acquired 33% stake in Swaraj Engines in March 2009 and since then the working of the company has been on continuously on an improvement. If you see FY11 has been the best performance of the company with EPS of close to about Rs 35 and this is inspite the company has been operating at 110% capacity. So obviously one could draw an impression that they could reach to their performance and doesn