Adani Power is a top pick in power space, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "My first and top pick would be Adani Power because as I said that the kind of addition to the power generation capacity the company has made, they will be having a total capacity of 6000 MW by the this 31st March and that will be seen quiet big capacity. Followed by JSW Energy and then maybe one can take up a call on Tata Power. So these three stocks are looking quiet good."
He further added, " Voltas , I won't justify this upmove purely on fundamentals because if you see the counter has been seeing lot of shorts which were all carried forward for last couple of months and probably the cumulative short covering has come maybe because of some renewed buying or fresh buying having seen in the opening trade. So I don't think that the fundamentals justify this kind of upmove in one go because the results are not very exciting, they have made a one time provision which has even if you knock that off then also you cannot take a positive call to this extent."
