SP Tulsian of sptulsian.com told CNBC-TV18, "I will not go with the midcap stocks at this stage because inspite of the good run up which we have seen in the midcap stocks probably that is catching up with the rise in the frontline. So, I won't mind entering into some of the private sector banks. Asian Paints really looks a good stock because during Diwali time we all see these paint companies doing quite well."
"Paint is the only industry for the last two decades which has been showing the double digit growth in topline as well as in the bottomline. So, I have the complete faith in the margins and intact performance of the company going forward," he said. Tulsian further said, "The stocks which could also be looked into from a one month point of view are like IDFC or Power Finance Corporation (PFC) because we are talking of the UMPP, revival of the UMPP Orissa and Chennai UMPP. We have seen IDFC having settled after the reduction in the FII limits. So, price to book or may be the earning multiples are still looking quite good."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
