Pipavav Shipyard has target of Rs 113: SP Tulsian

Tulsian told CNBC-TV18, "Pipavav Shipyard has target of Rs 113. There are lot of news flow expected from the company like induction of strategic investors, order flow from Ministry of Defence or maybe some other corporate development news. Probably because of on expectation of these news we have been seeing lot of delivery based buying specially from the institutional investors what we have gathered in last couple of days and the same trend is likely to continue with a positive bias being maintained on the stock."