Go long with Bajaj FinServ advises SP Tulsian

SP Tulsian of sptulsian.com advised going long with Bajaj FinServ. He feels its quarterly earnings are expected to be very good.

Tulsian told CNBC-TV18, “I am keeping my little cautious stance on the banking stocks. I am not saying that they are going to correct, but one does not know the kind of run up which we have seen in the PSU as well as private sector, so I have taken a little different view.”
“Deviating from the pure banking play I will go long with Bajaj FinServ, because its subsidiary Bajaj Finance is doing quite well and we are going to see the numbers getting reported in the middle of May by both these companies which are expected to be very good. And Bajaj FinServ always books the insurance premium share in the last quarter which increases its EPS by about Rs 40-50 in one quarter alone,” Tulsian added.