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videos | IST

SP Tulsian positive on Jet Airways, cement stocks

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 cement stocks, SP Tulsian said there was a select upsurge in the stocks in the last one week or so and probably the halt has come.
"I don’t think that the fresh negative perception seen having built on the cement sector per se. So, this maybe seen as a temporary because the overall market is weak," Tulsian said.
The profit booking kind of things are coming back or maybe the lack of buying having seen in these stocks but otherwise, positive view continues to remain on the cement stock going forward, he added.
On Jet Airways, Tulsian said, “Market expect these deals to happen overnight and probably that is impulsion but we have seen the outcome of the board meet where the 2-3 board members have advised that have a due diligence."
"Maybe because the market was expecting some positive announcement in terms of the takeover and that has not happened but we are keeping extremely positive view on the hopes that the Tata deal is seen eminent and it is just the matter of time," he said.