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SP Tulsian positive on Reliance Industries and HDFC

Updated : December 31, 2018 06:49:33 IST

Stock market guru, SP Tulsian, on Monday said he is positive on Reliance Industries Ltd (RIL) and HDFC stocks for 2019.

Tulsian said, "RIL's two new generation projects, Reliance Retail and Reliance Jio, are going to perform quite well for 2019 and that will keep reflecting into the share price, which is moving up further. Their core business is seen to be quite good."

"I am not too much disappointed even if the gross refining margin (GRM) falls by about half a barrel maybe because of the softness in the crude prices. But maybe the spread can increase either on the gasoline or on the diesel and that is going to be seen quite positive," he added.

Talking about Kotak Mahindra Bank, Tulsian said, “Even if they don’t reduce the stake, things are not seen to be severe. I don’t think bank is interested in branch expansion."

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