SP Tulsian keeps a positive view on larger cement stocks

The latest analysis and commentary by stock market guru SP Tulsian on what is moving the markets today.

On Max India's decision to sell a stake in its healthcare services, SP Tulsian said. "This is just a move to consolidate the healthcare business in one entity but if you really take a call on Max India, the kind of upsurge that has seen in the share price, in the month of December itself it has risen by about maybe 30 percent and I won’t be surprised to see some correction in the shares."

"I don’t think there is anything left on the table now for the Max India shareholders to remain invested. They can book out at the current level of may be at Rs 80 or so because a large portion of that has already been laid out and the profit booking will come in which I won’t be surprised to see correcting share by about 8-10 percent in this next couple of weeks,” he said.