Go long on Tata Power, Reliance Infra: SP Tulsian

SP Tulsian, sptulsian.com feels that one can take long positions in Tata Power and Reliance Infra as both of them are looking strong at current levels.

Tulsian told CNBC-TV18, “In Great Offshore we have seen the stock up by about 15% and Bharati Shipyard is also up by about 9-10% because Bharati Shipyard being having the promoter stake in Great Offshore. So both the stocks are up. So I think what I can attribute is probably the debt restructuring of the company must be happening which is seen positive for both the stocks.”
He further added, “I may take a call on Tata Power because definitely from the other power stocks I won’t be taking a trading position. I am not saying that I am worried or I have any kind of apprehensions by and large but if you really take a trading view on these stocks amongst the lot probably Tata Power looks to me the better one because generally we have been seeing the strong trading grip coming into those stocks but yes once we see the bottoming happening in all those other stocks maybe like GMR Infra or Reliance Power because generally Reliance Power the rally is not sustainable so better to avoid Reliance Power and one can look to take a position in Reliance Infra because that looks very strong and even on their other operations if you see their other EPC business and the other projects there they have the better visibility of the project completion and profitability coming in the next two three quarters. So, probably Tata Power and Reliance Infra will fit in this space for taking a long position.”