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SP Tulsian extremely positive on Indiabulls Housing Finance

Updated : March 22, 2019 05:36 PM IST

Market expert SP Tulsian on Friday said he is extremely positive on Indiabulls Housing Finance.

It's nice to see that the company has started sales promotions again on electronic media and that indicates that business is seen to be normal. The company is consistently paying an interim dividend of 500 percent every quarter and that means you have a dividend yield even today may be at about six percent, which was at about eight percent couple of weeks back, when the share was ruling much lower. Amongst the housing finance companies, probably this is the cheapest share as the firm is capable to post an EPS of close to Rs 100 for FY20 as well," Tulsian said.

On Motherson Sumi, he said, "When the stock moved to a level of Rs 172 last week, I have said that profit booking is always advisable as the price for Motherson Sumi has been moving in a range of Rs 140 to Rs 170 and that is what exactly has happened. So, the slowdown in the auto space in India and profit booking is affecting the company. Maybe at Rs 140, it will qualify as a good buy."

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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