Motilal Oswal
    NIFTY 50
Motilal Oswal

Stock analyst SP Tulsian positive on Blue Star, Voltas and Whirlpool

Updated : June 07, 2019 04:10 PM IST

Stock market guru SP Tulsian of on Friday said he has a positive view on white goods stocks and prominent among them were Blue Star, Voltas and Whirlpool.

Speaking on Havells, he said, "The company is quite an expensive and the stock is ruling at its upper end of the trading range and probably can correct. Hence, it may be a little risky to enter now at the level of closer to about Rs 800.”

Talking on banking stocks, Tulsian said, "HDFC Bank, ICICI Bank, IndusInd Bank, State Bank of India and Kotak Mahindra Bank are looking good. Across the board, the caution is only to keep the PSU banks but otherwise, no concern is seen on this private sector banks."

Speaking about IndusInd Bank, he said, "The stock has bottomed out yesterday. It has corrected to about Rs 1,500 level. We have been giving the buy call from Rs 1,400 and post results, it has sung to Rs 1,600. Yesterday, the way we have seen the carnage in the share price probably people thought that it can move back to Rs 1,400. But, yesterday I had said that I will be the buyer at the current level."
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