Jun 08, 2012, 06.16 PM IST | Source: CNBC-TV18

Enter JM Financial, says SP Tulsian

SP Tulsian, advice traders to enter in JM Financial at current levels.

SP Tulsian, advice traders to enter in JM Financial at current levels.

Tulsian told CNBC-TV18, "JM Financial, since it has been ruling quite low and you again have the hopes of some corporate developments happening and I don’t think that there is any risk in entering at the current level because last year we have seen the stock moving to as high as Rs 40 and now it is ruling close to about Rs 15. So one can take a plunge into JM Financial maybe with a view of about couple of months, but I won’t be too comfortable with Indiabulls Financials or any other financial stocks.

He further added, "ADAG stocks are only pure trading interest and if you just want to have a positive view, I will keep that positive view only on Reliance Infra . I am keeping my negative and cautious view on Reliance Power . I don’t see any reason for that stock to move up. Same thing is for Reliance Capital also because ahead of Q1 results again the apprehensions all starts building up and R Comm one can take as the second best stock after the Reliance Infra, but again nothing, no serious news flows coming in, so a pure trading bump we are seeing in all ADAG stocks."

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