Williamson Magor can test Rs 80-100: Tulsian

Williamson Magor can test Rs 80-100 in the next 12 months, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Williamson Magor is a very interesting play because we have a trend of hiving off the investment arm by all the groups and companies. In fact, there are at least 50 investment companies which are available, listed, and ruling at about 25-50% of its NAV."
He further added, "Williamson Magor is a very interesting play. If you see the shares held by the company, about 1.16 crore shares of Mcleod Russel are held by the company which offers a value at current market price of about Rs 325 crore. Apart from that, they are holding 1.68 crore shares of Eveready Industries, the market value of which is about Rs 75 crore. They also hold Kilburn Engineering, Mcnally Bharat, and even Williamson Magor Financial Services and all others. If you take all these investments, the value comes to about Rs 500 crore for all these stocks. The company