Aban Offshore may hit Rs 625: SP Tulsian

SP Tulsian of sptulsian.com is of the view that Aban Offshore may test Rs 625 in the next six months.

SP Tulsian of sptulsian.com told CNBC-TV18, "I have been giving my buy call on Aban Offshore  with a target of Rs 625 in six months and that has been my consistent view for last couple of months."

"We have seen the stock correcting maybe from Rs 520-525 but that is maybe because of impulsive traders or the short-term impulsive investors, those who have entering into the stocks, they are unable to carry on for a very long time. So if you have a conviction, if you have a view of six months look for a target of Rs 625," he added.

On March 21, 2014 Aban Offshore closed at Rs 484.25, up Rs 20.85, or 4.50 percent.

The share touched its 52-week high Rs 549 and 52-week low Rs 200.05 on 06 February, 2014 and 31 July, 2013, respectively.

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