United Spirits, Heidelberg may see further upmove: Kulkarni

Kulkarni told CNBC-TV18, "From a trading perspective the market does offer you good buying opportunities. So one of them would be United Spirits wherein today you are seeing that the stock is up 4% in spite of the market being down as well as the broader indices having an extremely bad advance to decline ratio. But United Spirits continues to march forward. I think the stock can reach the levels of around Rs 1040-1050 in the near future. We have positions in this stock and we have recommended them to our clients.”

He further added, “Another one is Heidelberg Cement where in you are seeing that cement counters have been doing well over the past few trading sessions and Heidelberg Cement also offers good opportunity on the long side. I would expect 4-7% at least in the near future for Heidelberg Cement.”