HomeNewsBusinessStocksBuy Unitech, BoI, Tata Global Beverage: SP Tulsian

Buy Unitech, BoI, Tata Global Beverage: SP Tulsian

SP Tulsian, sptulsian.com advises to buy Unitech, BoI and Tata Global Beverage.

March 30, 2013 / 11:09 IST
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SP Tulsian, sptulsian.com advises to buy Unitech, BoI and Tata Global Beverage.
 
Tulsian told CNBC-TV18, “I have chosen different stocks from the different sectors. First I will go with Unitech in the real estate space. My view is that all the real estate stocks looked to have bottomed out whether you talk of Indiabulls Real Estate, Housing Development and Infrastructure Ltd (HDIL), DLF or maybe Unitech. Given the choice, Unitech comes in my mind that on a relative basis, this can give better return.”
 
He further added, “I am keeping very positive view on the PSU banks going forward and prominent amongst them could be State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Bank of India (BoI), Oriental Bank of Commerce (OBC), Union Bank of India (UBI) but I have chosen BoI because if you go by the financials and fundamentals, Rs 48 earnings per share (EPS) for FY13, price to book of 0.8 can make the stock to move up by 6-7 percent in this series.”
 
“The last stock which I have chosen from the fast moving consumer goods (FMCG) space is the Tata Global Beverage and that stock has been languishing or has corrected in these last three-four months but for whole of March series, we have seen a very beautiful accumulation pattern where the stock has not broken Rs 120 and has not gone beyond Rs 130. So, now with fundamentals intact and the positive view on the stock, this stock having accumulated by the value investors can give a breakout in this series and can move more than Rs 140. So, these are the three ideas practically from the midcap space, which can be considered for.”

first published: Mar 30, 2013 11:01 am

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