Bajaj FinServ, United Breweries, HDFC look good: SP Tulsian

Tulsian told CNBC-TV18, “Fresh positions can get created on a select-basis like banking stocks I will be taking a long positions maybe United Breweries Group like maybe United Spirits, United Breweries or Mangalore Chemical and maybe coming back on the some of the front liner like Bajaj FinServ, Bata, they are all looking good.”

He further added, “One has to be stock specific or maybe the stock even HDFC after the MSCI having raised the weightage and warrant issues now are out of picture because earlier the arbitrage play because of the warrant have been keeping the price of HDFC subdued. So probably one can take a select long call on all these stocks.”

“ NTPC has never been a reliable stock even for the traders and maybe because of this coal, the people have started thinking that probably NTPC will have some advantage maybe in terms of the capacity additions on which they have all been stagnant for quite some time. But I won’t be taking this as a positive indication to go long on the stock, that share having seen a run up.”