Check out: SP Tulsian's bets from oil, sugar, realty space

Below is a verbatim transcript of the interview. Also watch the accompanying video.

Q: Are you disappointed by the EGoM meeting yesterday or do you think it is a decision that is just being deferred or delayed for a bit?

A: Definitely disappointment is there. You can just call it a delay because of the non-participation of the allies. In my view, wherever it will happen maybe in a fortnight down the line, it is likely to get largely diluted the kind of hopes that we had. We had been expecting that probably Rs 4 rise in petrol and Rs 2.50 in diesel. Even the overall increase in the price of the petro products will get diluted.

Q: How would you trade these stocks now, the oil stocks after their mild correction yesterday?

A: Except for GAIL , I was not very too gung-ho on any stocks. Maybe ONGC and Oil India were also expected to be the beneficiary, but we have seen both the stocks now moving in a range with ONGC going to up to Rs 1250, similar is the case with Oil India . You cannot take any long term call that the crude is going to remain in those levels because deregulation was not expected. Deregulation will come in the complete form for the auto fuel or even for the petrol.

Definitely oil marketing companies will continue to have that problem of facing any volatility in the crude prices. So the comfort is not there on all three oil marketing companies at least from investment angle.

Q: There are reports this morning that suggest that the government maybe looking at a windfall tax on mining companies. What would you do with a Sesa Goa given how much it has fallen already?

A: Sometimes you wonder why government does not take the positive cues from the overseas government from abroad, but this can’t be taken as because we have been seeing the revenue generation mechanism by the government. When this comes in an interim basis suppose something comes in the budget one can understand, one can digest as an annual policy.

Coming on an interim stage definitely this is disappointment because Sesa Goa is largely the exporter. NMDC largely caters to the domestic markets or they may not get too much of affected, but I do not think that this is positive for the stock. Definitely, it will be spoiling the sentiments for the stock.