Exit Reliance Power, buy CESC & JSW Energy: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Reliance Power is not a very exciting stock; so better look for other power stocks like CESC or new entrants which have come in the market like JSW Energy. The recent news of the CEO quitting the company (Reliance Power), I am not saying it is such a material fact because he is eventually going to get replaced, but the capacity addition has been very slow, its two ultra mega power projects are not seeing any up move, so look to exit."

"Power generation is not really an exciting space at this stage, but still if you want to remain invested in that then probably stocks like CESC or even National Thermal Power Corporation (NTPC) or JSW Energy looks a better idea," he said.