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Last Updated : Nov 09, 2016 10:51 AM IST | Source: CNBC-TV18

Here are a few stocks ideas from SP Tulsian

In an interview to CNBC-TV18, SP Tulsian of shared his readings and outlook on specific stocks and sector.

In an interview to CNBC-TV18, SP Tulsian of shared his readings and outlook on specific stocks and sector.

Below is the verbatim transcript of SP Tulsian's interview to Sonia Shenoy & Anuj Singhal.

Sonia: Long-term investors who are looking at this as a good opportunity, what would your recommendation be to them?


A: It is very important to understand the rates at which you should be buying and in the current situation if you take a call, practically all the stocks will be taking a big hit but if I want to go by some of  the sectors, definitely bank, non banking financial companies (NBFCs) are looking very good. One may argue that in NBFCs there may be some kind of default for couple of month etc, but those are just the short-term majors, so banks and NBFCs are definitely on my radar. Second, the natural resources, if you see the kind of prices which has been rising off whether you talk of pet coke, coking coal or maybe iron ore or manganese ore kind of things, natural resources company will be prevailing going from here on. Third could be the nonferrous metal because the kind of run-up which we have been seeing, I do not think that global factors, mainly the two factors India and US will really be impacting both of them and next could be the cement sector. So these are four-five sectors where I will be keeping my eyes on to look to buy the stocks in the current carnage.

Anuj: Which stocks should investors keep on their radar?

A: In the natural resources because as I said iron ore and manganese ore are playing the big role and they have been continuously on an upsurge, so NMDC, MOIL. In the non-ferrous, if you want to play pure non-ferrous stocks, it's only Hindustan Zinc. I won't be taking a call on Hindalco Industries or Vedanta, which is hybrid of so many other factors. I won't be going for crude also at this stage. Therefore, one stock which comes to mind is Hindustan Zinc.

In cement kind of stocks you need to play on the smaller or midsize cement capacity, for example Deccan Cement; yesterday the results were a bit disappointing. I won't be calling it as disappointed but market is taking this as disappointing. So maybe that can be looked into the larger ones like UltraTech Cement, Ambuja Cements, ACC because the kind of roadmap which you are seeing for next eight -nine months, are seen to be positive. However, amongst the banks even public sector undertaking (PSU) banks like Punjab National Bank (PNB), Bank of Baroda; we are awaiting the results tomorrow or maybe day after. The good PSU banks like SBI, PNB, Bank of Baroda, I am talking of the larger ones, not the smaller ones maybe in the private sector banks, you can look for RBL Bank.

In the NBFC space I will go with stocks like Ujjivan Financial Services or stocks like Capital First or stock like Bharat Financial Inclusion, these are all good stocks, so maybe these are few ideas in the sector I have stated.

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First Published on Nov 9, 2016 09:48 am
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