Dividend prospects for these two PSUs look good, says market expert SP Tulsian

Fundamental stock market expert SP Tulsian of sptulsian.com shared his outlook on  PSU and infrastructure space in an interview with CNBC-TV18.

Two PSU stocks to focus on from dividend point of view are Coal India and ONGC, said Tulsian, adding that Coal India has announced board meeting date and with the EPS of about Rs 30, they would definitely come out with a good dividend amount, which could be in the double digit.

“Similar is the case with ONGC. Though the company has not announced the declaration of interim dividend, the valuation of the share price vis-à-vis the prospects, if not an interim dividend at least final dividend would come. So ONGC at levels of Rs 93-94 looks good,” he added.

On GMR Infrastructure he said focus is on the airport business. "If they keep diluting their stake in airport business and just retiring the debt, I don’t think there is any kind of attraction in that. One cannot have the subsidiary company’s value getting reflected into the holding company, which is GMR Infra for GMR airport. So overreaction is coming to an end and now it is back to its real value of Rs 22-23,” he said.

SP Tulsian is a well-known equity analyst with an acute sense of logic and is respected for his frank and forthright views.