Motilal Oswal
    NIFTY 50
Motilal Oswal

SP Tulsian positive on L&T Finance Holdings and negative on Allahabad Bank

Updated : November 13, 2018 05:57 PM IST

Stock market guru, SP Tulsian, on Tuesday said he is positive on L&T Finance Holdings and negative on Allahabad Bank.

"I think L&T Finance Holdings has an exposure of Rs 397 crore to this power company. It's learned that maybe 52-54 percent will be taken a hit or maybe about 60 percent. So, I don’t think that is too significant. L&T Finance was my Diwali pick also and it's holding lot of potential. So overall, positive on the stock," Tulsian said.

Talking about Allahabad Bank, he said, “Disaster set of numbers and I don’t think that these were all expected from these small banks. In fact, I have cautioned on Friday that one should remain away from the smaller banks as we have seen a good run up seen happening in all these banks whether you talk of UCO Bank, Allahabad Bank, Andhra Bank, Dena Bank kind of stocks. So, the numbers of the Allahabad Bank is really seen to be quite bad."

On Fortis Healthcare, Tulsian said, “I don’t see any downward risk, maybe maximum Rs 5 on the upside, you can easily see a level of Rs 155-160. I am not expecting it to move to Rs 170, but maybe Rs 155-160 or maybe Rs 150 seems to be the realistic targets in the next couple of months or so. It's a forgotten stock and should come on the limelight very quickly."
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