SP Tulsian of sptulsian.com spoke to CNBC-TV18 about certain stocks that are on the move. Check out his comments.
Q: What have you made of this 17% downtick that we have seen on United Spirits?
A: All stocks of the UB Group are down, and in my view, this should be used as a buying opportunity because I think Kingfisher Airlines and United Spirits are swinging with news flow. With the rejection of the I-T department request for de-freezing account, you have seen the negative on Kingfisher and the market is so apprehensive that they presume that having pledged everything by Kingfisher Airlines