Bharati Shipyard has target of Rs 142: Tulsian

Bharati Shipyard has target of Rs 142, says SP Tulsian of sptulsian.com

Tulsian told CNBC-TV18, "Bharati Shipyard seems to be the most undervalued company in the ship building sector. The company has 6 yards across the east and west coast apart from that they are holding 49.73% stake in Great Offshore also. If we see the EPS of the company for FY11 has been at 36 which makes the share rolling at a PE multiple of less than 4 and for last couple of days we have been seeing renewed interest in the stock, which can make it move to about Rs 175 in next couple of months but my day target is at Rs 142."

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