Buy Bata, Rel Infra, Dish TV; short SBI next week: Tulsian

In an interview to CNBC-TV18, SP Tulsian, sptulsian.com says the main trigger would be the behavior of the international markets next week. He advises investors to buy Bata, Reliance Infrastructure and Dish TV next week. However, he has a short call on State Bank of India.

Also read: Mother-of-bull markets is ahead of us, says Jhunjhunwala Below is the transcript of his interview with CNBC-TV18 Q: What are the lined up triggers for the next week?  Which individual stocks would you keep on your radar? A: I think the main trigger would be the behavior of the international markets. I don’t think that the US Presidential elections will have direct reflection on our market. But, with effect to that, how the European and American markets will behave, that will have an effect on our markets. Telecom and infra, two hot sectors, are being discussed by the government. So, one has to keep an eye there. Last week, we had some relief with respect to the telecom policy. Apart from that, even the digitisation has sailed through smoothly in the four metros, though there is a stay in Chennai. Taking all this into background, I have chosen a mix of stocks. Bata has posted slightly dull numbers for Q3. I am taking that opportunity to enter the stock at these levels. Since I said that infra is in the focus next week, Reliance Infra is again a buy for me. Coming on the digitisation story, I am repeating my Dish TV buy call. It has marginally moved up from maybe about Rs 72 to Rs 75. So, these are the three buying ideas. The fourth one SBI, which is coming out with their Q2 numbers on Friday, I am keeping my cautious stance there. It could be a negative surprise. Though we have not seen that happening much in across all the PSU banks, but I am bit cautious on SBI. So, maybe a short call on SBI.