Buy Tata Motors around Rs 220- 222: SP Tulsian

Tulsian told CNBC-TV18, “One can take a call on Bharti Airtel and maybe on Tata Motors Rs 220-222 looks a good level for making a fresh entry into the stock.”

He further added, “ Jain Irrigation march quarter numbers were also very good and that was the real turning point for the company, because after the formation of NBFC and the kind of hopes which are getting built up in respect to the recovery or maybe the reduction in their huge debtor position has started building up, because that NBFC will start functioning now in next six months or so.”

“Generally after the kharif crop we see the subsidy getting reimbursed by the government to the farmers and in turn the sundry debtors of the company also getting reduced. So that’s the biggest figure, so obviously the positive view is building up on the first quarter results of the company as well.”