GST rate cut a huge positive for real estate sector, says SP Tulsian
In an interview to CNBC-TV18, Tulsian also shared his views on the fundamentals of the market and spoke about specific stocks and sectors.
SP Tulsian said the GST Council's move to reduce tax rates on properties was an excellent decision, and it will bring positive outcomes for the sector in terms of demand. In an interview to CNBC-TV18, Tulsian also shared his views on the fundamentals of the market and spoke about specific stocks and sectors.
Adani Ports' proposed acquisition of Adani Agri
Tulsian said that Agri retailing is a very promising business going forward and he has a positive view on it. He said overseas investors may be taking interest in the business in future. “Difficult to assess the impact because these are all futuristic business. I do not think that one can just take the profit call. In fact, we need to understand the potential of the business that how fast they can grow," Tulsian said.
"Looking to the quantum of maybe about Rs 1,000 crore, one can say that this is a big amount but I do not think that should be seen as a big amount for Adani Port. So, one should assess the potential instead of profitability,” Tulsian added.
Sebi order on Motilal Oswal Commodities and IIFL Commodities
Tulsian said the impact of the NSEL scam will not remain restricted to only these two companies. "The professional incompetence or maybe the professional negligence was seen definitely existing there on part of the brokers which has led to this kind of amount having lost by many of the retail investors."
"I think similar orders will follow against many other brokers from Sebi as well as post now Sebi having issued this order, this will give the strength to EOW also to initiate the process against the errant brokers which are seen to be maybe about more 100-200 in number,” Tulsian noted.
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First Published: Feb 25, 2019 12:27 PM IST
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