Market expert SP Tulsian positive on cement and agri related stocks

Market expert SP Tulsian of sptulsian.com on Wednesday said he is positive on cement and agriculture-related stocks as these two are quite good sectors going forward.

On Maruti Suzuki, Tulsian said, "The idealistic statement by the government and many automakers have spoilt the mood and created the confusion in the minds of the passenger vehicle buyers. If you see the November-December period, customers become cautious to buy the New Year model. Secondly, customers are waiting to buy BS-VI models and probably by January 2020, things will pick up. So, maybe you will have a lull till then. After seeing such a big run-up in the automobile stocks, which was unwarranted in many of the stocks like Eicher Motors and Maruti, now things are getting corrected. If you want to take a call from six months point of view, probably any correction of 4-5 percent further on Maruti qualifies it to be a good buy."

On State Bank of India (SBI), he said, "The bank is again giving a good entry point for the investors to buy. I do not think that the entire home loan portfolio will move to this kind of rate and probably this seems to be a calculated strategy. In my view, the move by the banks to link it with the benchmark rate does not mean that you cannot have the spread. There is no cap on the spread getting charged whether it is 400 basis points or 500 basis points. I do not think that the entire home loan portfolio will get affected and it will be wrong to take a call that it will put the NIM of the banks on haywire. So, SBI is a good entry point now at the current levels."