Pick HDFC, Maruti Suzuki, LIC Housing Finance: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "If I need to pick and choose only two or three stocks, I will go with HDFC because we have been talking of it hitting the 52-week low but yesterday, FII buying have happened to the extent of about Rs 500 crore. If you just knock that off with ICICI Bank selling, Rs 500 crore and exactly buying of Rs 500 crore in HDFC, so the portfolio shifting is seen happening even by the overseas investors. So I will go with HDFC, second could be Maruti Suzuki, and third could be the LIC Housing Finance.""LIC Housing Finance has Rs 32-33 earnings per share for this year and 15 percent growth is seen for next year. You are getting the stock virtually at a price to earnings ratio (P/E) multiple of closer to 10-11 times. I do not think that housing finance companies are going to get disturbed in any way. That is the reason I have chosen two stocks on the same segments, because both are seen having bottomed out to a great extent. So these are the two or three ideas that I would go for," he said.