Go long in United Spirits, JSW Steel, Wockhardt: Tulsian

14256 Investors following United Spirits. Share this News with them.

0

Like this story, share it with millions of investors on M3

Go long in United Spirits, JSW Steel, Wockhardt: Tulsian

Go long in United Spirits, JSW Steel and Wockhardt, says SP Tulsian, sptulsian.com.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about United Spirits See messages about United Spirits

Go long in United Spirits , JSW Steel and Wockhardt , says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "One has to take a selective call. To give an example, I will probably go positive on maybe United Breweries and United Spirits, Wockhardt, Sesa Goa and Sterlite Industries. I think I am holding my positive view on non-ferrous metal stocks as well as maybe the ferrous one, the likes JSW Steel, Jindal Steel & Power, Hindalco. So on can take the long call on all these stocks."

He further added, " Petronet LNG and IGL, both are at its extreme end because if you take this marketing margin or rationalization or any directive coming on that probably Petronet is at the other end which will get least affected and Indraprastha Gas (IGL) is at the other extreme end where they will get maximum affected and I think in between you can place gas authority, Reliance Industries and maybe the Gujarat Gas kind of stocks, again Gujarat Gas being the least affected and again moving with the news of stake sell by the BG. So it has to be, I don't think that one can really generalize the negative impact of the marketing margin regulations or the capping expected which is not likely to happen in next 12 months or so, but I think on the technical factors the IGL, Indraprastha Gas is correcting, but it seems like probably it is reaching to its bottom or maybe again the renewed buying interest from hereon will be seen in next couple of days and capable to give a bounce back from thereon of again 8-10%, so major losses can get recouped in this week only in case of IGL."