Jan 25, 2013, 09.42 PM IST | Source: CNBC-TV18

Check out: Tulsian's view on HDIL, Maruti, Suzlon

In an interview to CNBC-TV18, SP Tulsian, sptulsian.com takes a positive call on Suzlon. "If somebody can keep a view of 2-3 years, it can give a 200-300 percent return, but yes, in the near-term for 2-3 months that stock should settle at about Rs 24-25 with very minimal downside risk from hereon," adds Tulsian.

The market on Friday closed with the Sensex gaining 180 points to close at 20104 and the Nifty gaining 55 points to close at 6075 after Maruti numbers surprise the street with higher-than-expected performance and the midcaps excelled.

In an interview to CNBC-TV18, SP Tulsian, sptulsian.com takes a positive call on Suzlon . "If somebody can keep a view of 2-3 years, it can give a 200-300 percent return, but yes, in the near-term for 2-3 months that stock should settle at about Rs 24-25 with very minimal downside risk from hereon," adds Tulsian.

Further Tulsian also gives his opinion on HDIL , Maruti and is bullish on Hexaware and Polaris .

Below is an edited transcript of SP Tulsian's interview on CNBC-TV18
 
Q: The moves on HDIL gets more mystifying as days go by. We have some aggressive target prices by brokerages like Macquarie, but what would you advice investors to do now?

A: I am not too convinced with those research reports. You keep coming out with higher targets or may be lower targets, the downgrade, upgrade and all keep happening. However, in today's market two triggers, that is HDIL and IVRCL , suppose if both the stocks would not have moved up or not have been traded with vengeances, with positive of may be HDIL by about 10 percent and IVRCL by about 5-6 percent, you would have seen gloom prevailing on all midcap stocks as well.

Shorts having been created because there are many aggressive traders who just follow the trend and have gone short on these counters, may be not yesterday but even day before yesterday. Yesterday once they get a huge credit as mark to market, they get further enthused and the shorts have got created. Secondly, if you take a valuation call of Hexaware, Polaris, Sintex and may be SREI Infra , all those stocks have been ruling much below their fundamentals.

For instance, Suzlon, the debt have all been restructured on Monday or Tuesday itself by the banks, but yesterday since the company released an official notice saying that the loans have all been rescheduled with the funded interest with a moratorium of two years, we have seen the stock moving up by 15-18 percent. Today, we are seeing the short covering which has been going up.

Yesterday again, the perception got built that write off the real estate and the infra stocks which is not the case, the problem would have remained with these two stocks that is HDIL and IVRCL, but you cannot just take the same application of the parameters or the basis for all the stocks falling in the same category. So, holding positive view on the real estate and the infrastructure stocks, but for HDIL one has to watch next one weeks move. I will not be too upbeat on creating a long position or becoming an investor in the stock. Given the choice, I will rather look to buy other real estate stocks because they are also ruling at lower levels.

1 2 3
READ MORE ON  Sensex, Nifty, Tulsian, CDR, PAT, RBI, EGoM, OFS
Set email alert for
HDIL Maruti Suzuki Hexaware Tech
Polaris Tech Suzlon Energy IVRCL
SREI Infra Sintex Ind SBI
ONGC Oil India Jet Airways

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1716.75 10.45 0.61%

129145

Bought today

86953

Sold today

1.59%

User holding

video of the day

Ambit Cap eyes two years of market cheer; bets on cyclicals

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.