Market expert SP Tulsian bullish on this auto ancillary stock

Stock market expert SP Tulsian of sptulsian.com on Wednesday said he is bullish on JTEKT India Ltd (formerly Sona Koyo Steering Systems Ltd).

Tulsian said JTEKT India's fortunes are linked to Maruti Suzuki and it's a debt-free company.

Talking about Kotak Mahindra Bank, Tulsian said, "At Rs 1,620-1,625 or maybe even Rs 1,650 as you cannot catch the exact price, the stock seems to have come to its realistic value after having corrected by about 5-6 percent. So probably at the current level of Rs 1,650, I may be a buyer. However, I am not expecting any outcome. So I am not worried about any kind of adverse news or judgement or order expected from Bombay High Court tomorrow."