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Eicher Motors now available at a more reasonable level, says SP Tulsian

Updated : February 04, 2019 03:55 PM IST

Market expert SP Tulsian in an interview on CNBC-TV18 shared his views on stocks and sectors.

On Eicher Motors, Tulsian said, "The January sales numbers have given a lot of comforts that tells us the company is returning back to the trajectory of 70,000 plus average sales per month and also hopes of a better performance in FY20. Moreover, the price correction in the stock has brought it down a reasonable level."

On Titan, he said if the caution on the jewellery segment remains then it is difficult to take a call on the stock at current levels of Rs 1,030 because it contributes 85-90 percent to EBITDA.

"One has to allow the stock correct up to levels of Rs 960-965 and then look at the stock," Tulsian added.

With regards to Tata Steel, Tulsian said it is a big relief that they did not succeed in acquiring Bhushan Power because nothing has happened on their South East Asian assets as well as European assets.

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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