Go long in Sintex, Glenmark: Tulsian

SP Tulsian of sptulsian.com said he would go long in Sintex Industries and Glenmark.

Tulsian told CNBC-TV18, "I will bet Sintex Industries, Glenmark and Ceat on the long side. I will keep my negative to cautious stance on the other two banks that is UCO Bank and Allahabad Bank." Sintex Industries closed at Rs 51.40, up Rs 2.80, or 5.76 percent. It touched an intraday high of Rs 51.55 and an intraday low of Rs 48.15. There were pending buy orders of 2,480 shares, with no sellers available. In the previous trading session, the Sintex closed down 1.62 percent or Rs 0.80 at Rs 48.60. The share touched its 52-week high Rs 75.60 and 52-week low Rs 42.00 on 12 October, 2012 and 26 March, 2013, respectively. Currently, it is trading 32.01 percent below its 52-week high and 22.38 percent above its 52-week low. Market capitalisation stands at Rs 1,609.39 crore.