Buy Dolphin Offshore, says SP Tulsian

Buy Dolphin Offshore, says Investment Advisor, SP Tulsian.

Tulsian told CNBC-TV18, "Dolphin Offshore has been correcting, if you see in last six months the stock has corrected from Rs 350 to Rs 120; the day before it made its 52 week low at Rs 120. This has been on our radar that the stock now looks very good. The main reason for the fall in the share price has been the poor working for FY11. This is because in FY10 company posted an EPS of Rs 40 while in FY11 it was close to at about Rs 10.