Moneycontrol
HomeNewsBusinessStocksGokaldas Exports may test Rs 85, says SP Tulsian
Trending Topics

Gokaldas Exports may test Rs 85, says SP Tulsian

SP Tulsian of sptulsian.com is of the view that Gokaldas Exports may test Rs 85.

December 18, 2015 / 12:09 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

SP Tulsian of sptulsian.com told CNBC-TV18, "If you see know the book value of Gokaldas Exports, it is closure to about 41 and the share in fact yesterday it has short-up by may be about 10 percent may be on some news. So, some news is coming up but if you take a replacement cost, market cap is just at about Rs 230 crore. Probably in the next six months they will be very aggressive and they will see to it that the operations or the manufacturing gets turned around." "Target price is Rs 85; I think that this looks good. May be even if Blackstone continues as a promoter, they will be definitely improving the performance by reducing the debt. They have about may be Rs 100 crore debt as a working capital. So, quite positive on the next six months and one can take target of Rs 85," he said."Saurashtra Cement has very limited downside while on the upside one can have a target of Rs 85 in next six months," he added.

first published: Dec 18, 2015 12:05 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!