Positive on Suzlon, Sintex: Tulsian

SP Tulsian, sptulsian.com, says that he is positive on Suzlon and Sintex.

Below is the edited transcript of the interview. Q: Where do you see January series expire this time around?
A: If you see the behaviour of the Nifty for the last 5-6 series, last four days always has been dull and boring but this time, the RBI policy scheduled in between, on Tuesday. So again range bound behaviour will be seen post RBI announcements. So whether they go with a 25 bps cash reserve ratio (CRR) cut or a repo rate cut or not.
So, may be Tuesday after 11 am till expiry we will see dull and boring day. On Monday and Tuesday up to 11 am, expectations will keep the market alive and the target which I have been maintaining when the series had started, that it will be very difficult for the Nifty to breach beyond 6100. I maintain my view because even if we see some amount of upward movement beyond 6100 that might get erased or corrected in the remaining three days. So, Nifty is likely to close closer to about 6100, but in the worst case scenario not below 6000. Q: It was shocking the way mid caps collapsed last week. There was a bit of a recovery on Friday, but it paled in comparison to the kind of losses we have seen on individual names. Do you expect mid cap carnage to continue and within that is there any stock that looks like a good buying opportunity now?
A: Market has committed a big blunder in painting the entire midcap with the same brush because HDIL and IVRCL were the two main culprits so market seems to have taken the negative stance on the entire real estate stocks and infra stocks and along with those two sectors the IT stocks also got impounded in the whole carnage, but I don’t think this trend is likely to continue.
The valuations have really fallen much beyond and we are seeing much valuations in many of the stocks like like Hexaware, Polaris, SREI Infra, Peninsula Land and Anant Raj. So, one need to pick and choose where one have the comfort, consistency of working, track record or may be assets backing by each company. The folly which we saw on Wednesday and Thursday will stand to get corrected which we have seen partly happening on Friday as well. Q: You have Titan Industries on your buy recommendation. This company will come out with its numbers next week. Are you expecting good things this quarter and what are the other stock ideas that you would recommend now?
A: The market has rewarded those companies who have posted good numbers and the same trend is likely for Titan Industries also. After correcting to near Rs 260, the share looks to be under accumulation and gradually moving up which indicates that they are likely to post good numbers on Wednesday and extend the same theme. I have a similar call on Glenmark Pharma also because pharma seems to have bottomed out.
Stocks like Ranbaxy and Glenmark, have corrected so much that may be at corrected level, renewed buying interest is coming back. I expect Glenmark to post better numbers on Tuesday. On this result theme I recommend these two stocks. I am bullish on Suzlon and Sintex. Sintex can move by 10-15 percent.