SP Tulsian positive on Ultratech Cement, ACC

SP Tulsian, sptulsian.com is positive on Ultratech Cement and ACC.

Tulsian told CNBC-TV18, “The global factors are contributing to the rally but I have been maintaining my view before start of this series that I am keeping a positive view on the market with more focus on the banking stocks more specially in the PSU banking. If you really see today, all the PSU banking stocks whether you talk of State Bank of India (SBI), Punjab National Bank (PNB), Bank of India, Bank of Baroda, Oriental Bank of Commerce (OBC), Canara Bank - they have all been doing quite well. In fact, Bank Nifty, the kind of reflection which we have been seeing in the Bank Nifty is ruling lower because I think it is just up by about 90-100 points because non-participation by the private sector banks.”

He further added, “Private sector banks have taken a halt and maybe public sector banking stocks are really taking a big jump in this rally. So, keeping this positive stance on the stock, even the NBFCs on which I have been keeping my positive stance, maybe stocks like Reliance Capital, Mahindra and Mahindra Financial. So overall, I continue to have the positive view. Even the cement stocks which I have right now, if you really see, maybe Ultratech is ruling mild weak. So maybe one can look to acquire or maybe take a position in Ultratech Cement as well as ACC as well.”