The Indian market has started 2012 on a strong foot. Experts say this is a good time to start investing for the long-term.
SP Tulsian, sptulsian.com says, he is bullish on Jaypee Infra and Engineers India in the long-term. According to him, JP Infra may see 25% upside in three-four months. "If somebody can keep a view of about three to four months, I think they should be able to see the share crossing the price of Rs 50." Engineers India, he says, may test Rs 260 in six months. 2012 bets: Aashish Tater picks two stocks Below is the edited transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying videos. Q: Jaypee Infra is one of your picks. What is the story there? A: This stock has been moving for the last one week. The date for elections has been announced in five states, the model code of conduct has come in UP. We are getting the news that inspite of the company being ready with its 165 kilometer expressway from Noida to Agra, they will not be able to start it because the tariffs or the revenue or the toll collection has to be approved by UP state government. That is not likely to happen. The project was scheduled to get completed by March 2013, was due for commissioning in January 2012. Because of the model code of conduct, it has got pushed to the first week of March or maybe when the new government will take in, probably by the end of March 2012. The stock has moved up. But for the last couple of days, we have been seeing this stock trading in a very narrow band. Some of the profit booking has made the stock to correct to Rs 38 also. Apart from that, we all know that they have five tranche of land, five hectares at each location means 1,250 acres at each locationDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
