Hold Wockhardt, United Spirits: SP Tulsian

SP Tulsian, sptulsian.com advises traders to hold Wockhardt and United Spirits in their portfolio.

Tulsian told CNBC-TV18, “I identified two stocks Wockhardt and United Spirits and both have given a return of 400 percent plus and close to about 300 percent and still I am maintaining my positive view. If you need to take a one year view because going by the Wockhardt’s performance they should be able to post an Earnings Per Share (EPS) of maybe Rs 160-170 for FY14.”
He further added, “If you take a Price-Earnings (PE) multiple of maybe close to about 15 times that can make the stock to move to about Rs 2,200, same thing for United Spirits with the Diageo coming in FY14, I won’t be surprised to see an EPS of crossing Rs 50 plus, which could be in my view maybe Rs 55-56 and again if you apply a PE multiple of maybe about 40 or so the stock price can move to about Rs 2,200-2,300. So continue with these two holdings if you have in your portfolio.”