SP Tulsian positive on CG Power, expect good upside over 12-18 months

In an interview to CNBC-TV18, SP Tulsian shared his views on the fundamentals of the market. He also spoke about specific stocks and sectors.

On the physical settlements of derivative, Tulsian said, “It is quite late but it is an excellent move and this will protect the retail traders. Firstly, this will bring the discipline amongst the retail traders who have been seen reckless in playing in F&O and secondly this will curb the volatility.”

Tulsian recommended a buy on CG Power. He said, “Post their Q2 numbers, we have been initiating a buy call on the stock saying that it has bottomed out for the reason that if you see their overseas operations, now all have turned EBITDA positive and they have stopped the monetisation.”