Mar 02, 2013, 05.56 PM | Source: CNBC-TV18
SP Tulsian of sptulsian.com advises traders to buy Dish TV at current levels.
SP Tulsian (more)
CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO
Tulsian told CNBC-TV18, “Titan Industries, since there was lot of fear that gold custom duty is going to get increased to curb the current account deficit but that did not come and if you see the view on the jewellery units probably Titan will continue to enjoy that growth which they have always been posting consistently. So, since the stock has corrected by about 15-16 percent and making it fall to about Rs 250 level, so the stock was under owned.”
He further added, “We have seen short covering also hugely built in the stock. So, it has been the effect of both short covering coupled with the renewed buying coming in into the stock and that has really made the stock to move up and from hereon I will be keeping my positive stance till the level of Rs 290-295.”
“Dish TV, I have been keeping my positive stance because once we will be seeing the second round of the digitisation getting completed by March 31 in about 35-36 cities, inspite of that there was little contradiction yesterday that the set top boxes duty have been increased but that has been seen positive for the stock and going forward the kind of ramp up which we will be seeing in the business of the company with increase in the margin also makes the stock quite good to buy at the current levels.”