Buy United Spirits, Mangalore Chem for short term: Tulsian

United Spirits and Mangalore Chemical are good short term bets, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, “One need to be a short-term investor because for instance the United Spirits where I am still holding a very positive call, I do not think that traders can take a position because on and off it goes into the ban, it comes out. Last week it was in ban. Now it is not in ban. One better be short-term investor because even if you put a stop loss of about 2 percent it is likely to get it.”
He further added, “If one talk of about a small stock which I see good even having a good upside potential from hereon could be the Mangalore Chemical because the talk which has been happening that the serious due diligence is being carried out by two potential acquirers. So it is certain that the deal may happen and the kind of valuations which I am expecting for the stock is likely to be at close to 75 plus because of the extra land space held by the company and all that. So these two stocks come in my mind where one can take a short-term investor position rather than a pure trader.”