Positive on CEAT, JK Tyre: SP Tulsian

SP Tulsian of sptulsian.com is positive view on CEAT and JK Tyre. "Both stocks look good", he added.

Tulsian told CNBC-TV18, "Better results are expected from tyre companies. You can add the name of Apollo Tyres which we have seen having risen by about Rs 8 to Rs 10 in this last one week. Maybe MRF is showing a lot of volatility because this is a very thinly traded stock. He further added, I won’t be advising to enter into the stock ahead or after seeing such a good run up but yes, CEAT and JK Tyre two stocks still look good because whenever one gets to see good numbers from them the stock jumps substantially maybe by 8-10 percent - the kind of run up, which we have seen today in case of Finolex Industries and HEG. Similar things can be seen in both these. Yes, I will keep my positive view on CEAT and JK Tyre."