Motilal Oswal
    NIFTY 50
Motilal Oswal

Have positive bias on CESC and Torrent Power, says stock analyst SP Tulsian

Updated : June 25, 2019 05:01 PM IST

Stock market guru SP Tulsian of on Tuesday said he has a positive bias on CESC and Torrent Power.

Tulsian said, "We have been giving buy call on CESC and Torrent Power. After giving a buy call for the last couple of months, I think this is the time that one can book profits for the short term and look to buy at the lower level."

Talking on the tyre industry, he said, "The countervailing duties (CVDs) will definitely be playing a positive and once the original equipment manufacturer (OEM) sales start picking up, then all tyre stocks will start moving up. The advantage of the tyre industry is that they have the replacement market also. So, tyre stocks can be looked into but maybe with a time horizon of maybe 4-6 months or so."

"The outlook on the gold is seen positive and that is giving a lot of comfort against mortgage asset against the loan. If you have gold with you, you can easily get that refinance from any other banks. So probably because of this, gold financials are seen to be catching up now on the market," he further said.
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