Stock market guru SP Tulsian of sptulsian.com on Tuesday said he has a positive view on Hindustan Unilever (HUL) and fast-moving consumer goods (FMCG) companies.
Talking on HUL rally, he said, "If I take a call on Q2 numbers, they are seen to be excellent. Company's volume growth from their homecare segments has really performed very well. Going forward, the rural always have been contributing 1.5 X to their volume growth. This time it has happened at 0.5 and that is seen to be quite good."
On the banking sector, Tulsian said, “Both RBL Bank and IndusInd Bank are options. If you see the growth and if you are banking on the growth, then growth is seen coming in both the banks. You definitely have the pain of the asset quality but that has largely captured. In the case of RBL Bank, I think it is more than captured on account of the stress assets or maybe the slippages or maybe the further consensus on the asset quality to be seen. On Q2 numbers, IndusInd bank is really giving confidence so we would-be buyer for both the banks. Specifically on RBL Bank, if you have a view of about 12 months, I think you can really reap good returns in this stock buying at the current levels.”
According to Tulsian, the credit goes to the promoters of Zee Entertainment for destructing the share price from Rs 350 to 250. Promoters seem to be too casual, they are taking the lenders for granted and they think that you can keep on giving the extensions by giving the explanation that my next liabilities falling during the month of April 2020. Management has to act fast to control the damage to the share price or allow share to recover and bounce back at least by Rs 100 from here."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.