Fantastic 4: Stocks that can fetch good returns in a week

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his views on stocks across various sectors. He picked four multibagger stocks for the week ahead. He suggested going long on Pantaloon, Century Textiles, Tata Global and Wockhardt.

Below is the edited transcript of his interview to CNBC-TV18 Also read: Nifty may correct deeply; short below 5850: Sukhani Q: Do you have any multibagger ideas for the next week? A: The volatility and all round profit booking which we have seen, I am keeping my negative stance on the banking, NBFCs, real estate and metal. I chose four stocks from four different sectors to go long on. In the retail space , I would go long on Pantaloon. The stock looks to have bottomed out and people will start speculating on the possibility of FDI coming in. Maybe the companies will hunt for a strategic partner. The second stock to go long on is from the FMCG sector. In spite of negative view building up on HUL, ITC and others, Tata Global has been corrected to Rs 162-163 and it looks good. On this one can go for a price of Rs 172-173. This will mean a gain of Rs 8-10 in a week’s time. The third idea is to go long on cement. We have seen good amount of corrections taking place in those stocks. So, Century Textiles is the stock to go long on. Fourth is from the pharma space. There is a good momentum happening whether it is the Strides Arcolab, Glenmark Pharma or Wockhardt. They all seem to have corrected. Last week, I shared an idea on Strides Arcolab. There we have got a trading bump of Rs 100 in the week, in spite of week remaining quite subdued. This week I am going long on Wockhardt at the current price. The idea is to make Rs 80-100 in a week’s time.