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SP Tulsian continues to maintain positive bias on financials

Updated : January 08, 2019 04:11 PM IST

In an interview to CNBC-TV18, market expert SP Tulsian shared his reading and outlook on specific stocks and sectors.

On financials, Tulsian said, "We have been keeping a positive view on all the five or six banks. Going forward, I won't be surprised to see SBI moving to Rs 330 levels. Similar is the case with Axis Bank and ICICI Bank but more force is seen in case of ICICI Bank, HDFC Bank, Kotak Mahindra Bank and SBI going forward because others like IndusInd Bank, RBL Bank and Axis Bank is seen to be having lower pace."

Today, the combo of ICICI Bank, SBI and Axis Bank moving up and it won't be surprised to see profit booking either on Thursday or on Friday with lead being taken by HDFC Bank and Kotak Mahindra Bank, he said.

"So, overall, the positive bias is remaining on financials and more specifically the private sector banks," Tulsian added.

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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