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Nov 23, 2009, 10.44 AM IST
SP Tulsian of sptulsian.com, says he is happy that itís not likely to happen.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, spoke on a few stocks and gave his take on the extension of trading hours.
Here is a verbatim transcript of an exclusive interview with SP Tulsian on CNBC-TV18. Also watch the accompanying video.
Q: A word on the Great Offshore battle. For Bharti , it will now be two offers- mandatory and controlling stake. How do you read the situation right now?
I donít understand the reason how these two offers can run simultaneously because the Securities and Exchange Board of India (SEBI) seems to have given 20 days' time to both the parties to keep their offer open and make the counter bidding or revise the offer for first 10 days. This could just be a technical amendment in the offer, which has already been made by Bharti. Regulation 12 also needs to get incorporated for the open offer.
Q: You track some of these agriculture stocks. Many of these stocks like Meghmani Organics have been moving up because of the Rabi crop not looking bad. Any takeaways or picks in that side?
However, I am not impressed with the valuations which they have all been ruling. They seem to have run ahead of their expected performance, which they are likely to post for next two quarters because generally you are then running a risk of getting stuck in those stocks at higher levels.
Q: You keep an eye on all those stocks which own land parcel where fundamental operations are not very strong yet.
Q: The stock that was very excited yesterday was JSW Steel . Initially it was
Q: What is going on with Austral Coke ? The stock has slipped to Rs 8.80. Is it going to Rs 1? The volumes are still very large.
Q: On Wednesday, you must have heard the National Stock Exchange (NSE) Managing Director talking about the situation on trading hours' extension. Does it look like it is not going to happen for the moment?
Tags: SP Tulsian, sptulsian.com, stocks, trading hours, Great Offshore, Bharti, Securities and Exchange Board of India, SEBI, agriculture stocks, Meghmani Organics, Rabi crop, Advanta, Rallis India, Hikal, Nagarjuna Agrichem, kharif crop, Hindustan Motors, JSW steel, Nippon Steel, Austral Coke, National Stock Exchange, NSE
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