Sell Karnataka Bank, Tata Communications: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "I would sell Karnataka Bank in this market because the results have been very bad and second is Tata Communications because it has risen by 22-23 percent in this series and beyond a level I do not find any level for the stock to up probably one could say that the stock has halted or maybe mild profit booking has started coming in. So, I am expecting that to get accelerated, so one can look for a price of Rs 218."

"For Karnataka Bank I would give a target of about Rs 99 because the results have been very bad, asset quality, higher provisioning, margin pressures and everything has gone wrong and the long positions which have been standing in Karnataka Bank got created last week are still there in the pipeline. So, all will come for liquidation on a stoploss getting triggered. So, these two are the sell call," he added.