In his latest analysis and commentary, stock market expert SP Tulsian of sptulsian.com gave his top stock picks for Friday's trade in an interview with CNBC-TV18.
SP Tulsian is a well-known equity analyst. A fundamental analyst with more than three decades of experience, Tulsian has an acute sense of logic and is respected for his frank and forthright views.
Speaking about the banking sector, Tulsian said, “ Just a day before I had given a buy call on three stocks, Axis Bank, State Bank of India (SBI) and IndusInd Bank for the simple reason that probably the correction which we have seen in this last one week in all three stock." "I had recommended IndusInd Bank recommended at a level of Rs 1,400, SBI recommended at a level of Rs Rs 315 and Axis Bank recommended at a level of Rs 720. For all three the Q3 numbers are expected to be a blast. ICICI Bank is also there, but the stock has already risen quite a lot while the other three corporate lending banks have not yet caught up, so the view is seen positive for them,” he specified.
Speaking about sugar stocks which are surging in trade, he said, “The global prices of sugar have started rising and people are quite hopeful that the 4-5 million tonne which is likely to get exported from India probably will fetch better price. So, that could be only the trigger. I do not think there are any domestic triggers for this kind of rise.”
On Bharti Airtel, he said, “I had cautioned on both, Bharti Aritel and Vodafone and that it was just a lot of exuberance." However, going forward if you take a call on back of price hikes then probably Reliance Industries will be the largest beneficiary because of Jio. Moreover, there does not seem to be any relief coming in for Bharti, Vodafone on account of AGR dues, he added.
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.
RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.