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Market guru SP Tulsian remains bullish on these stocks

Updated : November 18, 2019 04:19 PM IST

In his latest analysis and commentary, stock market expert SP Tulsian of Sptulsian.com gave his top stock picks 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.

Speaking about PFC, Tulsian said, “The statement from the power secretary seem to be comforting and that is in continuation to the policy of the government that they don’t allow any good money to salvage the bad assets. PFC having acquired REC, if you see the numbers, in fact for the first quarter and second also, if you see the price correction having taking place and vis-à-vis the financial performance, the PFC stock is seen to be having great value. Overall it is positive for the power lenders and obviously PFC comes as a top lender in that category.”

According to the analyst,  Glenmark Pharmaceuticals and Aurobindo Pharma are corrected much more than what was desired. "We have been keeping the buy call though for the time being, we are focused on two other stocks, Biocon and Divi's Laboratories. If you see Q2 numbers reported by Glenmark, they are showing good sign of improvement,” he noted.

While giving his thoughts on Ashok Leyland, he said, “We have been advising for the last couple of months when the stock was ruling from Rs 65. Now I think the market is waiting for the scrappage policy and probably we may see that policy coming in from the government, may be in the next couple of weeks and when that happens that will be seen positive. I am expecting a revival in the sector.”

Talking about banks he said, “If you just want to play quality then I have placed ICICI Bank, Axis Bank, and State Bank of India in one category. ICICI has already played out that major upmove. The pecking order for this three banks is SBI, Axis Bank and ICICI Bank.”

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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