Prefer Lakshmi Electrical Control Systems: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "One has to really look for the stock specific ideas. The real estate is on top of my list, some of the media stocks are really looking very good. May be one can look for the automobile stocks from a longer term point of view. However, if you really want to make big money then one has to really go and hunt for the midcap or the other ideas which are really very good."

"One can look for Lakshmi Electrical Control Systems. It is a mini capital goods company. They have real estate of 3 times of the market cap. They are making low voltage switch gear. One can call it a mini Crompton Greaves or may be mini Thermax kind of stock. Nobody is really looking to that kind of stock. I am really very positive on the support services company in the oil drilling space. That stock is really looking good," he said.