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SP Tulsian positive on HDFC Bank, Kotak Mahindra Bank

Updated : November 19, 2018 16:12:44 IST

SP Tulsian discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the fundamental side of the market as well as specific stocks and sectors.

On banks, SP Tulsian said, “We continue to have the positive bias on the HDFC Bank, Kotak Mahindra Bank, maybe RBL Bank and IndusInd Bank."

There is a lot of comfort on the private sector banks and in this list, one can add only State Bank of India, Tulsian said.

"I don’t think there is any point in taking a positive call on the other PSU banks," he added.

On Reliance, Tulsian said that it has never lost his leadership position and it is only because of the weakness sometimes we see in the market or maybe the interim profit booking.

"If I just take a call on the FY20 earnings I think Rs 74 EPS (earnings per share) for Reliance Industries and you cannot call it as a commodity stock any more because the retail and Jio seem to be showing such a good progress," Tulsian added.

Even at the current level if you are a long-term investor with a view of about 6-8 month or maybe one year this is the right time to enter the stock,” he said.

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.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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