homevideos Newsbusiness NewsIDBI Bank stake sale will be taken positively by the market, says SP Tulsian
videos | Jun 25, 2018 10:23 AM IST

IDBI Bank stake sale will be taken positively by the market, says SP Tulsian


The latest analysis and commentary by stock market guru SP Tulsian on what is moving the markets today.

Life Insurance Corporation (LIC) is set to buy the government's 51 percent stake in IDBI Bank, sources told CNBC-TV18 on Saturday.

Recommended Articles

View All

Talking about IDBI Bank stake sale, stock market guru SP Tulsian said, “This will be seen positive for IDBI Bank because there had been a lot of controversy or may be the angles being examined by the investors whether it will be bad on part of the LIC or not and whether it will be seen positive for the IDBI Bank or not."
He added further, “LIC foraying into the bank and they are already in housing finance is seen very positive. They have that kind of bandwidth, they have a good team of wealth management and all sort of things. So there is no harm in foraying into the bank by LIC, but structuring if would have been better that would have liked by the market. But I am expecting that probably this would be taken as positive for IDBI Bank also by the market.”
Talking about Tata Motors, Tulsian said, “I don’t think that market will be too excited with this roadmap having given for next two to three years because market will definitely wanting to demonstrate or show the company to earn in every quarterly results. If you really take a call now at the current level of Rs 308 or 310 the share has seen a good rise in this last maybe two to three weeks. I won’t be taking a call and I won’t be surprised to see some profit booking coming in because things are not very exciting and the capex amount which has been stated in the plans for the next two- three years may not also get liked by the market.”
: 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.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers