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SP Tulsian positive on Interglobe Aviation and DCB Bank

Updated : January 16, 2019 07:22 PM IST

Stock market guru, SP Tulsian, on Wednesday said he is positive on Interglobe Aviation and DCB Bank.

Tulsian said, "There is a positive view building on aviation sector as there is a weakness seen in the Brent prices. People are seeing that Jet Airways would be closed down and the entire business will be shifted to Interglobe. Investors may feel that passengers will be little careful and little vary in taking the bookings on the Jet Airways going ahead and probably that may give Interglobe a benefit of the higher market share in the interim period."

On DCB Bank earnings, he said, “The profit after tax (PAT) has increased by about maybe Rs 8-10 crore. So, maybe some profit booking may come in. But I think after seeing this numbers that there should not be any kind of disappointment. Even if the profit booking comes in, I think it will get swiftly bought back as the stock has risen in these last couple of weeks on expectation of better numbers. So, any short-term weakness or corrections which comes in the form of profit booking should be bought into."

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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