Jul 03, 2013 06:32 PM IST | Source: CNBC-TV18

Buy Tata Global Beverage below Rs 140, says Tulsian

SP Tulsian of recommends to buy Tata Global Beverage below Rs 140.

SP Tulsian of told CNBC-TV18, "I am keeping a positive view on Tata Global Beverage. I won't be taking this more as a trading stock. We have seen this stock moving in a range of Rs 135 to Rs 150 for the last four to six months. If one sees its subsidiary, Tata Coffee which has corrected quite substantially in about one month or so, inspite of that it has been holding on very good."

"One has to keep a positive view, but if one wants to take a trading view I don't think it can really cross Rs 150 in the next two series. Look to buy below Rs 140 and look to sell at about Rs 149-Rs 150," Tulsian added.

He further said, "I am not positive on Shree Renuka Sugars. With the weakening rupee and Brazilian currency, one should be negative on the company because of high debt. One should avoid taking long call and can go short once the stock reaches Rs 17 mark."

Also Read: Morgan Stanley upgradesTata Global to overweight; stock up

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