Book partial profits in Inox Leisure, says SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "In case of Inox Leisure, I will advise to at least book profits in part. Inox is acquiring Fame and PVR is acquiring Cinemax. The process of amalgamation and merger is pending in case of both the companies."

He further added, "The best part is that in Inox they have a lower amount of debt. They have good presence, about 280 screens, 73 multiplexes in about 84 cities. So in spite of taking all these considerations and the background in which the promoters of Inox have really moved in this business is mainly to park their surplus fund which they have been making from Gujarat Fluorochemicals."

"They have acquired many of the properties on ownership basis. So they have a lower lease rental and all sort of things, but still there are all type of unconfirmed reports that maybe the promoters are looking to exit and they are asking for a very stiff valuation. Even if I do not give any credence to those rumours and all that I will advise you that look to exit," Tulsian said.