Inox Wind has good upside potential, says SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Unfortunately I don’t think that these kind of valuations really deserve for Inox Wind. I agree that post IPO when we have seen a price of Rs 400, that was also over exuberance, but that always happens in case of the recently listed IPOs because a lot of market making by the informed circles have being carried out.""The way the company has been posting consistently good quarterly numbers, I don’t have any concerns on the promoters as well, so, maybe one can say that Inox Wind looks quite attractive at the current level but provided you need to have a view of about maybe 10-12 and maybe in the interim period you may suddenly see the stock moving up by about 10-15 percent in any of this period.""Overall the stock looks having bottomed out and having good upside potential from here on with a time horizon of one year," he said.