Buy Binani Industries: SP Tulsian

Buy Binani Industries, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "Buy Binani Industries. This is largely because we have seen all cement stocks getting flared up but this seems to be the most undervalued cement stock because the company owning an effective capacity of 15 million tonne of cement in 3 countries and the net present value of this is seen close to Rs 8000 crore."

He further added, "If we take the marketcap of company it is just at Rs 450 crore and if we take the enterprise value, it is not more than Rs 3500 crore. So this stock looks attractive post the merger or takeover of Binani Cement by the company to the extent of 100%."

"We are quite positive on the stock with time horizon of 12 months because if the promoters intend to sell the cement division, the huge windfall gain can accrue to shareholders of the company but the day target for the stock has been given at Rs 150 with the stop loss of Rs 138."