Positive on Sun TV, SBI; Balkrishna top pick in tyre industry, says Dipan Mehta

Dipan Mehta, Director at Elixir Equities, on Tuesday said that he continues to remain positive on Sun TV after the December quarter earnings. Mehta has been very positive on Sun TV for many quarters.

“Very positive on Sun TV. We and our clients are invested in it,” he said in an interview with CNBC-TV18.

Balkrishna Industries is Mehta's top pick in the tyre industry.

State Bank of India’s (SBI) management commentary has been very positive, he said. “I think there is a shift of money away from private sector bank to public sector bank and the top pick remains SBI. So very positive on SBI as well at this point of time,” he said.

Mehta believes company like Galaxy Surfactants can grow at a pace faster than the average FMCG companies in India. “Very positive on Galaxy Surfactants. One can invest for three-five years and hope for a good compounding of earning,” he said.