Book profit in Coal India, says SP Tulsian

SP Tulsian, sptulsian.com advice traders to book profit in Coal India.

Tulsian told CNBC-TV18, “The trend or the range for the Coal India is anywhere between Rs 315-350. If you see for last maybe one week the stock has been moving in a tight range of Rs 345-355. The FSA (Fuel Supply Agreement) for which the board meeting is again scheduled on the month end could throw some clarity on that how the things will move ahead, but I am expecting the profit booking again to come. It is very risky to take a long call now and those who have been getting a profit even of about maybe 5-6% are advised to look for profit booking.”
He further added, “Hercules Hoists, we have seen that whenever the results are good you see good upside coming in the stocks. Generally I have been keeping a positive view on this Hercules Hoists. If you take the case of the two Shekhar Bajaj controlled companies, that is Hercules Hoists and Bajaj Electrical both seems to have bottomed out. I am keeping a positive stance on both of them. So let’s see that how far it is able to satisfy. If it disappoints then the share will correct, otherwise the positive stance is maintained on both the stocks.”