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Dec 29, 2012, 01.08 PM IST | Source: CNBC-TV18

SKS Microfinance likely to move 30%: SP Tulsian

SKS Microfinance is likely to move maybe about 30 percent from hereon in the next 3-4 months, says SP Tulsian of sptulsian.com.

SKS Microfinance is likely to move maybe about 30 percent from hereon in the next 3-4 months, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "I remember last year I gave the buying call on United Spirits at Rs 450 and we saw that increasing by 300 percent in one year. So, Radico Khaitan is a consumption story, very good player in the Brewery space and if you see its Earnings Per Share (EPS) of about Rs 7 for FY13, which is expected to get increased to about maybe Rs 9 for FY14 looks to me a very good story.”

He further added, “The second stock which I am recommending is Suzlon Energy . The Corporate Debt Restructuring (CDR) proposal is likely to get implemented by the banks and bank largely led by the State Bank of India, which is a lead banker have been keeping a very positive stance on the company. If you see their overseas subsidiary 100 percent subsidiary, REpower that is valued at about maybe USD 3 billion or so and once that happens the debt restructuring by the CDR cell that is going to be seen quite positive by the market.”

“The third mid-cap stock I am recommending is the SKS Microfinance and as indicated by the management that they are going to see the bottomline in black for Q3 and we are expected to see the Q3 numbers by end of January, so again positive stance on SKS Micro. The stock is likely to move maybe about 30 percent from hereon in the next 3-4 months. So, these are the few mid-cap ideas, which I am recommending.”

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