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SP Tulsian positive on CG Power, expect good upside over 12-18 months

Updated : January 01, 2019 05:04 PM IST

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.

On the physical settlements of derivative, Tulsian said, “It is quite late but it is an excellent move and this will protect the retail traders. Firstly, this will bring the discipline amongst the retail traders who have been seen reckless in playing in F&O and secondly this will curb the volatility.”

Tulsian recommended a buy on CG Power. He said, “Post their Q2 numbers, we have been initiating a buy call on the stock saying that it has bottomed out for the reason that if you see their overseas operations, now all have turned EBITDA positive and they have stopped the monetisation.”

“Yesterday I have recommended CG Power as the stock for 2019 where we have a positive view with minimal downside and very good upside potential from here on over the next 12-18 months,” he added.

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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