SP Tulsian upbeat on Manappuram Finance, SKS Microfinance

Tulsian told CNBC-TV18, “I am holding a positive view on both these stocks. SKS Microfinance shifting into T2T category is the reason for the correction in this stock. Though the stock had a good run up from Rs 70-75 to Rs 128-130 but still this stock is a good buy below Rs 100 for a target price of Rs 150 in next three to four months, if the management indicated that they will see their bottom-line in black from Q3.”

He further added, “Manappuram Finance has an expected EPS of close to Rs 8, and the share is available at a PE multiple of 4-4.5 and with the bearing having come in again, current corrections should be used for making an entry into the stock maybe at the current level or maybe at a lower level of 2-3%.