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Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : Feb 23, 2012 05:55 PM IST | Source: CNBC-TV18

Check out Tulsian's comments on market movers of the day

SP Tulsian of sptulsian.com spoke to CNBC-TV18 about stocks that were on the move intra-day. Check out his comments.

 
 
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SP Tulsian of sptulsian.com spoke to CNBC-TV18 about stocks that were on the move intra-day. Check out his comments.


Q: The biggest mover on the index today is BPCL because of the potential rising value of its Mozambique assets. Do you think this is just a sentimental move or do you see a fruition of this stake deal very soon?

A: Definitely these assets have value. Venugopal Dhoot of Videocon Industries also holds 10% stake along with BPCL. However, the life of the Mozambique value assets seen getting reflected is very short-lived. Whenever we see price of crude rising up, losses on that account gets erased. Market has been playing a lot on these Mozambique oil assets which the company is holding 10% because the kind of gas reserves estimated there is huge. That

First Published on Feb 23, 2012 03:57 pm
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