Market expert SP Tulsian of sptulsian.com shared his views on the markets going into 2020 and specific stocks in an interview to CNBC-TV18.
Talking about PVR, he said, “Low budget movies seem to be doing well and that’s probably the reason PVR is doing well. But this is an expensive stock and I will not advise it because I do not have the courage to recommend buying it on the current level.”
On the chemical sector, Tulsian said, “I will not advise to look at stocks like Bodal Chemicals but two stocks in this space, Bhageria Industries and AksharChem (India), purely from a pollution control point of view will be seen as huge beneficiaries. My disclosure is I'm the director of Bhageria Industries. The dye intermediate makers are reaping good gains having seen the product prices gone up already by about 15-20 percent in last 3 days.”
“I will be also focusing on Hikal which is a Kalyani Group company, very efficient profitability, very good margin, and expansion plans. However, one should be cautious while taking a call whether they are into dye intermediate," he added.
On the aviation sector, Tulsian said, “Things seem to be returning back to normalcy for Indigo valuations and some kind of exuberance is seen building up in SpiceJet because with crude running bit high. One has to be careful about the financial performance of the company. I will stay away from both the stocks. It’s still at the current level of Rs 1,350 for Indigo and about Rs 110 for SpiceJet.”
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