Market expert SP Tulsian expects Yes Bank stock to recover if sale goes through

"One having accomplished already in first week of October, Rana Kapoor having exited and second now if we are getting a hint that probably $1.2 billion is going to get raised that is seen to be quite positive. If you see this happening then probably this will be the vast re-rating. If you remain invested from the current levels then I won’t be surprised to see this stock getting re-rated and you will see the gradual recovery coming back on a fundamental working of the bank.”

Talking about ferrous stocks, Tulsian said: “We have been taking more positive call on the non-ferrous stocks maybe for the last one month or so. In fact, for the ferrous stocks I don’t think that price stability or the fall in the price is seen to be comforting, in fact it needs to get raised. There has been news that long products prices has got raised but not the flat product prices.

"Taking this into consideration we will be keeping a cautious view or maybe remaining away. If you want to have a 3-6 months view then go for JSW Steel kind of stocks or maybe Jindal Steel and Power (JSPL). We are more bullish on the non-ferrous over the ferrous stocks. We have a positive view on Hindustan Zinc and Hindustan Copper and maybe even Hindalco Industries and National Aluminium Company (NALCO) can be ruled into.”

On Zee Entertainment, Tulsian said: “If the Zee Entertainment promoters are really serious they can easily find out the solutions to come out with this mess and can bring back the old glory. The fundamental valuation of the Zee Entertainment, there has been no problem at all, Q2 numbers have seen to be quite good. The shadow of the promoters stress on the debt account is seen reflecting on the Zee, otherwise it is an excellent buy.

"The moment you get to see any kind of resolutions coming in the bits and pieces then the share can take a very big up move. On the lower side it has already seen bottomed out at the level of Rs 240-250.”