Enter GM Breweries at around Rs 900-950: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "GM Breweries had good numbers and one can expect an EPS of Rs 75 for FY17 because the kind of consistent growth they have been showing, can you give a PE multiple of 20 times for so-called smallcap company because now the marketcap is about Rs 1,200 crore but it has risen a lot in the last six months or so. So probably I will wait and maybe a level of Rs 900-950 could be a good entry point because it is largely moving up by the momentum also because of the promoter stake of 75 percent, few savvy investors are invested into this.""I think that still the stock has good potential upside looking into Q3 numbers but one has to buy at lower level," he said.