SP Tulsian of sptulsian.com, in an exclusive interview with CNBC-TV18's Sonia Shenoy, gave his multi-bagger ideas for the day.
The Cabinet Committee on Economic Affairs on cleared the pending RIL-BP deal. SP Tulsian sptulsian.com sees the Reliance stock gaining currency on Monday. Speaking to CNBC-TV18 shortly after the deal was approved, Tulsian said RIL is likely to see an upside of Rs 15 on Monday.
The rupee has hit a 9-week high on the back of weakness in the dollar and also due to risk returning to all markets. “A Rs 44.20 at best is what people are expecting,” says Latha Venkatesh of CNBC-TV18
Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30% stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for USD 7.2 billion.
Industrialist Adi Godrej is expecting a pro-growth budget. He said that the revenues have increased despite the stimulus and even with the stimulus, the fiscal deficit is lower than the budget target.