Stock market expert SP Tulsian said that stress in Indiabulls Housing Finance has bottomed out and going forward, the stock's prospect looked quite positive.
In spite of all stresses seen on the financials of the company, Indiabulls Housing maintained interim dividend of as high as 400-500 percent each quarter.
Tulsian told CNBC-TV18 that: “In spite of all stress seen on the financial working of the company, Indiabulls Housing have maintained interim dividend of as high as 400-500 percent per quarter. So, things seem to have bottomed out for the stock and going forward things seem to be quite positive and thus have a positive view on Indiabulls Housing Finance.”
Tulsian is a well-known equity and fundamental analyst with more than three decades of experience.
On L&T stock, he said: “Overall a lot of value is seen in L&T and I wouldn’t be surprise to see L&T moving up by about 10 percent in the next couple of months or maybe maximum in next 3 months or so,” he added.
“TCS having run up about Rs 2,200 and now seeing profit booking, probably one should not touch unless and until it falls to the level of Rs 2,050 and then only can look to buy again,” he further added.
When asked about Dish TV, the stock market expert said: “Unless and until consolidation happening with Airtel, I do not think there are any hopes or chances of recovery in share price of Dish TV.”
He was also positive on auto and auto ancillary sector. Whatever sales numbers for December comes, auto sector share prices will go up, whether it's two-wheelers, passenger vehicles or commercial vehicles.
“Therefore, I will go with Maruti, Ashok Leyland, Mahindra & Mahindra and maybe TVS Motor because Hero Moto and Bajaj Auto have risen so much. So, these 4 stocks are looking good because things will be positive and it seems to be positive on rural front as well. So, these 4 stocks could be the stocks to buy from here on,” added Tulsian.