Tulsian reviews Tata Global, Suzlon, Crompton Greaves

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Tulsian reviews Tata Global, Suzlon, Crompton Greaves

In an interview to CNBC-TV18, SP Tulsian gave reading and outlook on stocks across various sectors like Tata Global Beverages, Suzlon and Crompton Greaves, Delta Corp and others.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets

In an interview to CNBC-TV18, SP Tulsian gave reading and outlook on stocks across various sectors like Tata Global Beverages , Suzlon and Crompton Greaves , Delta Corp  and others.

Below is the edited transcript of Tulsian's interview with CNBC-TV18. Also watch the accompanying video.

Q: A big up move was seen in Tata Global Beverages would you expect to see more from these levels?

A: In the near-term it should stop at about Rs 110 because according to the roadmap lined up by the JV, first store will be operational by August-September. So, for the next six-seven months there won't be any addition to the performance of the company on that account.

But going forward, FY13 will take time to ramp up outlets, one has to see by FY13 if they are able to come up with 50 Starbuck cafes, that will give more upside from here on. In near-term, I don't think that the stock can move past Rs 115- 120.

Q: On Suzlon at Rs 28 would you still hold on to your long positions built earlier or take some profits here?

A: For the short term, I'll advice traders to look to exit at the current levels, but it is a pure investment call. Earlier I was expecting the price target to be at about Rs 50 when the stock was ruling at around Rs 20. One can slightly increase the target over the next one year to anywhere between Rs 56-60. But for the short term traders it is advisable to exit at Rs 28-28.50.

Q: What did you make of Siemens ' numbers? Is there a chance after looking at BHEL and Siemens that Crompton Greaves could disappoint as well?

A: Definitely disappointing number. It is the extension of BHEL performance and that disappointment will keep the capital goods sector under check. This is because I don't think that L&T numbers can continue with positive bias for quite some time, but still I have my hopes on Crompton Greaves because it is very crucial.

Going by the management's announcements in their conference call of Q2 and Q1 results, they have been confident that second half results will be good. One cannot give up hope that Crompton Greaves will also disappoint.

One has to closely watch the performance of Crompton Greaves' power system division, that will be deciding trend for the capital goods sector from hereon. I am not too concerned about the industrial system and consumer products. One may then look at other results like ABB and Thermax , but I don't think that those will be too material at this point of time.