Tag: sptulsian.com

Check out: SP Tulsian is a buyer in these select consumption stocks

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Fundamental market expert SP Tulsian of sptulsian.com is of the view that if you take a call on the Nifty future and Bank Nifty future, both are seen to be ruling at a discount – 150 points for Bank Nifty and about 70-80 points in Nifty. That means the shorts are still seen to be in the system.

“There is no doubt that the volatility will keep happening because of the way US will behave and everyone will follow the US market. But maybe the US is also seen bottoming out. So, valuation has to come into the play. So, taking that into consideration, at least the theoretical bottom of 21,400 on Bank Nifty and 8,600 on Nifty has formed,” he added.

Stock specific,  on Jubilant Foodworks, he said, “When we have so much fear and panic, we get brave by making investments in such stocks. But I don’t think that this is the time to look into the stocks which are having such deep discounts in futures as compared to spot.  So I do not understand the valuation of Jubilant Foodworks,  as well as PVR. So, we will continue to have negative bias more because the future rates are seen to be ruling at much lower levels and that maybe is giving some kind of discomfort.”dd

One can even look to buy Asian Paints kind of stocks, he said because that seems to be a direct beneficiary of the lower crude.

“We are a buyer in the consumption space but selectively on stocks like Dabur, Godrej Consumer, Marico or maybe Colgate Palmolive kind of stocks,” he added.

SP Tulsian is a well-known equity analyst with more than three decades of experience. Tulsian has an acute sense of logic and is respected for his frank and forthright views.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Market guru SP Tulsian recommends being positive on these stocks

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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SP Tulsian of sptulsian.com is of the clear view that it would be tough for investors if they keep chasing momentum but things are looking positive for value investors on a select basis.

“On the index level we were expecting the second week of series to be quite unpredictable and with weak bias. So, maybe tomorrow bottoming out can happen even at the index level on the Nifty and Bank Nifty,” said Tulsian in an interview with CNBC-TV18.

Stock specific, he said one can look at UltraTech Cement at Rs 4,100 and JK Cement has not corrected much but maybe at Rs 1,100 or at Rs 1,150 it looks good. In the three months steel stocks have given a gain of almost 50-70 percent, he added.

They are also positive on auto ancillary, metals and other select stocks like HDFC Bank and Reliance Industries, said Tulsian.

SP Tulsian is a well-known equity analyst. A fundamental analyst with more than three decades of experience

When asked about financials, Tulsian said, “I had a positive view on State Bank of India (SBI) after seeing the Q2 numbers when the share was ruling at Rs 280-285. I have given a price target of Rs 370 by March 2020, and I still maintain that. It is an excellent buying opportunity at current levels.”

With regards to Bajaj Finance, he said it is good company but have expensive valuations. “I have always been saying that remain away from the stock”, said Tulsian, adding that Rs 4,000 can be taken as a near-term support for Bajaj Finance. “I hold it as an expensive stock. Maybe at Rs 3,800 to Rs 3,900 it can correct by about Rs 100-150 where probably it will find its own value and then thereafter it may again move upward, but still keeping away from Bajaj Finance at the current levels,” he said.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Investors can look at buying these stocks post some correction, says market expert SP Tulsian

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

In his latest analysis and commentary, stock market expert SP Tulsian of Sptulsian.com shared is views on fundamentals of stocks like JSPL, gold companies, Repco Home Finance  and Ujjivan Small Finance Bank in an interview with CNBC-TV18.

SP Tulsian is a well-known equity analyst. A fundamental analyst with more than three decades of experience, Tulsian has an acute sense of logic and is respected for his frank and forthright views.

He is of a clear view that with Gare Palma IV/I not getting cleared for JSPL, one can see some fundamental weakness coming into the stock and so the advice would be to exit. He said, “The stock can further go down because if you really see the kind of expectation which was built because of this Gare Palma getting allotted to the company and lot of trading position and investment positions have been created.”

“If you are positive on the ferrous stocks then probably on the comparative basis probably you have JSPL as the third or fourth preferred buy because people prefer the larger ones may be like Tata Steel, JSW Steel and we have been keeping the positive bias on the Steel Authority of India (SAIL) and JSW Steel. Going forward fundamental weakness will definitely be seen getting captured more by the stock in the time to come, so advise to exit or remain away from making a fresh buy.”

On Ujjivan Small Finance Bank, Tulsian said, “If you really take a call on market cap of Rs 9-9.50 thousand crore, I am fully convinced with the growth posted by the bank in the first half of FY20 of almost about 80 percent but I don’t think smaller banks with such a high market cap of 9.50 thousand crore is justified.”

“With regards to arbitrage play, if you take a call on the Ujjivan Finance that has an arbitrage of maybe about 50 percent or maybe more than that because 83 percent of the Ujjivan Financial Bank is held by Ujjivan Small Finance. So may be strong hands who have been active in the grey market will keep this momentum on but eventually, the price has to correct maybe to around Rs 45- 48 in next couple of weeks.”

When asked about gold loan companies he said, “We have been keeping a positive view on the gold companies both Muthoot Finance and Manappuram Finance  but we are more positive on Manappuram.  I remember having recommended from the level of Rs 132-155, but having moved to a level of Rs 175-180 it would be advisable to allow the share to correct to about Rs 165-168 level and then look to re-enter.”

Fundamentally,  as the H1 numbers, the Q3 will be equally exciting for both Muthoot and Manappuram  and will keep the share price momentum intact. “I don’t think buying now at the current level is advised allow it to correct by may be about 4-5 percent and then look to buy again.”

On Repco Home Finance he said, “I have never liked this stock maybe since it is listing in the last 3-4 years because firstly the kind of de-growth or the erratic volatility in the performance and in the share prices. When you have so many choices available in the housing finance space, there is no point in deliberating on Repco Home Finance and one should give a pass to the stock.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow