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It is a great opportunity to buy HDFC, says market expert SP Tulsian

Updated : June 21, 2019 09:23 PM IST

Stock market expert SP Tulsian of sptulsian.com on Friday said it is a great opportunity to buy HDFC on every dip.

Tulsian said, "Today if we have HDFC falling by 2 percent, then that should be used as a buying opportunity. As long term investor, you should keep it or make a profit booking of about 2 percent whenever you get within one month or within one series. So, this is an excellent opportunity to buy HDFC for short term and long term investors, which is now down by 2.2-5 percent."

On the auto sector, he said, “This is the best time to buy Maruti Suzuki. Things are seen to be quite positive. Even if you see the things, share ruling at a P/E multiple of 21 with the company having the market share of 52 percent in the passenger vehicle segment, it is seen to be an excellent opportunity for buying."

“We are giving a buy call on the passenger vehicle segment. We are keeping a cautious view or hold on two-wheelers, but giving buy call on stocks like Maruti, Mahindra & Mahindra and Escorts. However, Maruti is definitely a buy at Rs 6,400 if you wish to have a time horizon of one year plus,” Tulsian added.

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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