Buy Karnataka Bank, Shree Renuka Sugar: SP Tulsian

SP Tulsian, sptulsian.com advises to buy Karnataka Bank and Shree Renuka Sugar.

Tulsian told CNBC-TV18, “In spite of seeing such a weak market you may call it as the depression I have chosen two buy calls. First is the Karnataka Bank. I am seeing the renewed buying coming back. For last two-three days I had been keeping my positive stance on the stock and though it is last one hour call, but maybe for next three to four days this can really work as a very good call for buying.”
He further added, “For the day I have given the buy call on Karnataka Bank a with a stop loss of Rs 135 and target of Rs 138.50. The second stock which I have chosen is the Renuka Sugar on which we have just now discussed. The ethanol story as I see it quite positive and the last hour catching which we have seen positive bias coming in all the stocks, the buy call again on Shree Renuka Sugar with a stop loss of Rs 25 and target of Rs 26, because maybe at the fag end we may see the position getting built again on the stock. So this is my second call.”