HomeNewsBusinessStocksSamvat 2072: SP Tulsian sees 100% return in Samkrg Piston, target Rs 300

Samvat 2072: SP Tulsian sees 100% return in Samkrg Piston, target Rs 300

SP Tulsian of sptulsian.com is of the view that one may see Samkrg Pistons and Rings test Rs 300.

November 11, 2015 / 20:11 IST
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SP Tulsian of sptulsian.com told CNBC-TV18, "Samkrg Pistons and Rings have cut in the interest cost by about Rs 2-2.5 crore and if you see the net worth of closer to about Rs 100 crore, book value is closer to about Rs 90. So, taking this, the company is very fast coming back on the track and I see again a compound annual growth rate (CAGR) of about 30 percent plus for maybe a couple of years at least. So taking that same consideration maybe at Rs 250 target but if you keep till Diwali you can expect the share to double. Because that is my theme that look from this Diwali to next Diwali for 100 percent return and look for a price of around Rs 300.""I maybe having other stocks in pharma space maybe like Lupin or maybe like Wockhardt or maybe like Torrent Pharma for the longer point of view but I won't be taking Sun Pharma for next couple of years also. Just as a disclosure one can say these have been my recommendation to my clients and all and maybe in few of them we have personal investment also of a small quantity," he said.

first published: Nov 11, 2015 07:26 pm

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