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Market expert SP Tulsian "extremely" positive on Blue Star, Voltas and Whirlpool

Updated : June 04, 2019 03:57 PM IST

SP Tulsian of sptulsian.com in an interview with CNBC-TV18 on Tuesday said that he was extremely positive on air conditioner companies including Blue Star, Voltas and Whirlpool. “I don’t think that the peak of the summer is behind us," he said.

"In the North, you will be seeing the scorching heat continuing maybe till the end of June," Tulsian added.

On cement stocks, he said, “In case of cement, it is always the case that you see two steps up and one step down, that means you will see some corrections and then some kind of softening of the prices also... if you see the run-up in the cement stocks from the month of February till now, it is about anywhere between 10 percent and 35 percent across the board in all the cement stocks... it is bound to see this kind of corrections happening, so nothing to worry on the fundamental basis.”

Talking about United Spirits, he said, “Difficult to comment on why the stock is moving up. In fact, we are keeping the negative view only on the lighter side that if you are having in your portfolio stocks like ITC and United Spirits, the investor must counterbalance by having Apollo Hospitals also in their portfolio.”

 

 

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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