Market expert SP Tulsian positive on SBI Life Insurance and ICICI Lombard

Market expert SP Tulsian of sptulsian.com on Thursday said he is positive on SBI Life Insurance Company and ICICI Lombard General Insurance Company.

Tulsian said, "Any regulatory moves or maybe the actions initiated under IBC will be seen positive overall for the sector. In that scenario, it may not be prudent to chase the expensive stock like Bajaj Finance. If you have the pedigree stocks like Mahindra & Mahindra Finance, Shriram Transport Finance, Cholamandalam Finance and L&T Finance, it will be seen quite positive. You have to keep a positive bias on the NBFCs and I won’t be chasing the expensive ones, rather I will be going with the pedigree where the valuations are seen to be quite comfortable."

Talking about frontline auto stocks, Tulsian said, “I am expecting better sales for the tractors. Mahindra & Mahindra and Escorts should be kept on the radar, where I have given buy call. Coming to Maruti Suzuki, Rs 5,000 per vehicle reduction is a right move on part of the company to grab the increased sales which will start from hereon. Things have started picking up on the sentimental fronts also. I am buying on a two-wheeler and the agri related stocks that is Mahindra & Mahindra and Escorts."