Hindustan Dorr-Oliver has target of Rs 58.50: Tulsian

Hindustan Dorr-Oliver has target of Rs 58.50, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Hindustan Dorr-Oliver with a price target of Rs 58.50 for the day. Financials of the company is quite good with topline of Rs 1000 crore and EPS of Rs 5.50 so that gives a fundamental value with the PE of about 10 but there is a buzz that promoters are looking to sell their stake which has been considered for quite some time and the sale is expected to take place at or above Rs 70 per share so that can be a trigger for the stock to move up." Click HERE to know the rules and follow the score card