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Buy Eros International Media: SP Tulsian

Buy Eros International Media, says SP Tulsian of sptulsian.com.

September 08, 2011 / 01:53 PM IST
 
 
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Buy Eros International Media, says SP Tulsian of sptulsian.com.


Tulsian told CNBC-TV18, "Buy Eros International Media. This company has been in the limelight for the last 2-3 months and share has already appreciated by 50% with 52 week having touched yesterday. This is because of 2 blockbuster released made by the company in last couple of months plus 4-5 films are lined up for release by Diwali, which are likely to do roaring business."

He further added, "If we go by the fundamentals the share is ruling at a PE multiple of less than 15 with promoter stake of 78%. The stock looks quite strong on fundamental basis plus the renewed buying interest seen in the stock. Hence the buy call has been given with a day target of Rs 255 with a stop loss at Rs 230."

first published: Sep 8, 2011 01:51 pm

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