SP Tulsian positive on Jaiprakash Associates

SP Tulsian of sptulsian.com told CNBC-TV18, "I am taking a very positive view on Jaiprakash Associates for the simple reason that the company has been stuck on its huge debt of about Rs 58,000-60,000 crore and that has been bothering the market a lot. So, the process of asset monetisation will start and probably then people will start talking of the Jaiprakash Power's assets monetisation which they have also indicated to the extent of about may be Rs 10,000 crore or so. The reason is beacuse this time it will be about Rs 4,000 crore, but the next process can be little higher."

"So, taking that into consideration overall the view remains positive, but people are again taking little negative view on the Ultratech Cement because if that is acquired obviously it will be putting pressure on the margin in the near term. As such the cement stocks are not ruling quite well," he said.