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Positive on SBI Life, HDFC Life and ICICI Prudential with a long term horizon, says stock expert SP Tulsian

Updated : June 11, 2019 04:45 PM IST

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

Talking about beaten sector and the buying opportunity it provides Tulsian said: “There are many stocks available in the midcap space. In pharma sector, Aurobindo Pharma and Cadila Healthcare seem to be having good value. Now on the automobile and auto ancillary, you need to have the clarity that yes things can start picking up from the current level in the near term and third could be the infrastructure or maybe the engineering, procurement and construction (EPC) space.

"In automobile, probably I will go with maybe TVS Motor and Maruti Suzuki. Both are looking good at their currently valuations. In the infra space, I will go with NCC and Dilip Buildcon because both are seen to be having good execution capabilities, share having beaten. So, since you have touched upon the beaten sector or beaten stocks probably these are the three sectors with couple of stocks in each sector seem to be having some value.”

Speaking about Indiabulls Housing Finance, he said: “Any kind of this type of news flow if you see coming in whether those allegations are correct or not but market becomes cautious and this is what we have been seen on the Indiabulls Housing Finance for the last, maybe not couple of months which management has stated in their press release. In fact, that has been happening for the last maybe 4-6 months.

"Market really gets nervous very fast when you see this kind of news flow coming in because they fear that if it turns out to be true then the things will see a big damage or big collapse in the share prices and probably that is the effect we have seen in the Indiabulls Housing share price as well.”

Speaking about ICICI Prudential, he said: “All three life insurance stocks have risen a lot. In fact, I would say that all the insurance stocks and more specially the life one that is SBI Life, HDFC Life and ICICI Prudential. So, this type of correction was bound to happen because in this last and more especially after the OFS (offer for sale) seen having in all three life insurance stocks we have seen the stocks having risen by about maybe 15-20 percent if I am not wrong whether it is SBI Life, HDFC Life or ICICI Prudential.

"We are keeping positive view on the all three stocks with a long term horizon of maybe about 1-2 years.”

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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