SP Tulsian of sptulsian.com told CNBC-TV18, "CMC posted very good numbers. On the income front it has shown 15 percent growth quarter-on-quarter. Again on profit after tax it has grown 27 percent quarter-on-quarter. Similar is the case with the EPS at Rs 22."
"Yesterday if you see the stock has corrected from Rs 1520 to about Rs 1370. People thought that the company may not be able to give good numbers but they should really cheer the market and we should see a price of Rs 1480-1500 may be in next two-three days," he added.
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