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SP Tulsian maintains positive bias on Infosys and Sun TV

Updated : November 13, 2019 17:43:18 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.

Tulsian is a well-known equity analyst. A fundamental analyst with more than three decades of experience, he has an acute sense of logic and is respected for his frank and forthright views.

On Sun TV, he said, "The numbers are quite disappointing. What is happening is the TV channels are seeing PE compression. However, after having heard the management commentary, probably Rs 450 gives a good support to the stock. If you have a little longer horizon of about 4-6 months, probably that qualifies as a buy."

On Just Dial he said, "I have always found the stock to be quite expensive may be because of the confusion in the business model or the capacity of the management to really expand the business model going forward. Things are not quite favourable in terms of catching up with the improvements in the technology. So, I continue to have my negative bias on the stock."

Speaking about Infosys he said, "Earlier I had given the target to buy at the level of Rs 650. In fact I have been keeping the faith in the management of the company. However if you want to be a little cautious, if it comes to a level of Rs 675-680, that could make an ideal point because the next support is now at Rs 675. So, maybe Rs 675-680 makes a good entry point."

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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