SENSEX NIFTY
May 29, 2012, 05.39 PM IST | Source: CNBC-TV18

SP Tulsian`s view on Lanco, ONGC, SAIL

SP Tulsian, sptulsian.com shares his view on Lanco, ONGC and SAIL.

SP Tulsian, sptulsian.com shares his view on Lanco , ONGC and SAIL .

Tulsian told CNBC-TV18, “Lanco is looking interesting because I am expecting that results will not disappoint the market because any positive bottomline should cheer the market and that is expected from Lanco and even if you see the news flows that the promoters are looking to exit from the road portfolio, even they are looking to monetize some of the power projects which are either under erection or which are operational of more than 4,000 megawatt each, so Lanco looks good.”

He further added, “I am not too hopeful from GMR Infra and coming on the other stocks also maybe GVK because of the news flow of the environment clearance having received for their Alpha Coal Block Projects in Australia also doesn’t look to be too exciting for the stock.”

“ONGC, will be lackluster performance because we have already seen the results of oil India so one needs to just enhance it by nine times, generally that is a level of about operations because ultimately it is the subsidy sharing which spoils the party for ONGC and Oil India results so I do not expect much from the results of this quarter. SAIL results are looking quite good because if you see the results of may be JSW Steel they can very well get compared with those results and it looks that the results are- company has given a positive surprise on the results.”

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