In an interview to CNBC-TV18, SP Tulsian shared his views on the fundamentals of the market. He also spoke about specific stocks and sectors.
Tulsian has a cautious view on PVR. “Every time we see some big movie getting released, you see the interest coming back in multiplexes stock. However, having seen more flops from April sometimes it is difficult to take a positive call on multiplexes," Tulsian said.
Tata Motors is up about Rs 20 from recent lows, but Tulsian does not see any fundamental reason for the stock price moving up. “All the automobile stocks seem to have bottomed out and you have the theme of price increase coming in from January 1 across all the manufacturers. So that could be the only reason, otherwise I do not see any fundamental reason for the stock to move up,” he added.
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