Investment Advisor SP Tulsian is of the view that one can buy Mundra Port with 12 months perspective.
Tulsian told CNBC-TV18, "The issue price of Mundra Port is Rs 440 and if one takes the valuation call on the whole project, the earning models and all that. It was found that the issue has been quite attractively priced, it went up to Rs 1300 or so, there was a lot of interest in to the stock, but as we all know that all the infrastructure stocks have corrected whether it is GVK power, GMR infra, Metas Infra, Mundra port and I think at Rs 600 plus or maybe Rs 615 or Rs 620, definitely it makes a very good buy."
He further added, "It’s an operational port, on about 32,000 acres of land, having all type of connectivity with the rail and air etc, so this makes a very good buy provided you have an outlook of at least 12 months on the stock. Here on, the downside seems to be quite less, I do not think that the share price could fall again back to maybe Rs 500 plus levels, Rs 500-520 or Rs 550, so at these prices of about Rs 615 or Rs 620 if someone has a 12 month outlook he can definitely go for it."
Source: Moneycontrol.com
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