Moser Baer can test Rs 100: SP Tulsian
Published on Friday, November 13th, 2009 at 10:57 PMAuthor: stockalert (2026 Articles)
Moser Baer can test Rs 100, says Investment Advisor SP Tulsian.
“The market maybe has been factoring the valuation of their subsidiary company that is Photovoltaic, which has a capacity of 40 MW per annum. But I don’t think that the full value is reflecting into the share price of Moser Baer for the simple reason that the core business or the standalone performance of the company has been posting quite big losses. The Q2 has been a big disappointment because whatever H1 losses we have, 90% of that has come in Q2. So the value until unless they have the clear cut policy on this solar from the government as well as the stabilization and the revenue floor starts coming into the consolidated results of the company, till that the value unlocking cannot really happen. This is because even the PE investors which the kind of valuations that they have been giving to the Photovoltaic subsidiary company is much more than the market capitalization of the entire company put together. So this needs to get understood properly by the market, which can only come with the financial results of the company. Till that time this share may have an upside of about Rs 100. From a trader point of view, it can go upto Rs 100 and then again can correct and fall to. So it makes a perfect trading range in this stock, in range of maybe Rs 80-90 or Rs 80-100.”
Source : MoneyControl
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