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IndusInd Bank an excellent buy at current level for long-term investors, says market expert SP Tulsian

Updated : May 22, 2019 04:04 PM IST

IndusInd Bank is an excellent buy at the current level for those who want to take a long term call on the stock, said market expert SP Tulsian on Wednesday, adding that the stock price may move up significantly in the next few months.

"If you wish to take a long term call maybe with a view of about six months or so, this is an excellent buy at about Rs 1,500... you may see a price of Rs 1,700 coming in the next couple of months on the share price,” said Tulsian, in an interview with CNBC-TV18.

Speaking about Cipla, he said, “If the sector is not in focus, there is no point in taking a call and that is what is exactly happening in the pharma sector."

Talking about midcap earnings, he said, “Probably looking at the results, I will go with Bajaj Electricals. There have been negative sentiments created that they have not been able to do market debenture at 11 percent, looking at the consumer durable items widely spread, it is seen to be having very good growth potential going ahead.”
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