SP Tulsian positive on Maruti Suzuki, Mahindra & Mahindra
The latest analysis and commentary by stock market guru SP Tulsian on what is moving the markets today.
On Ujjivan Financial Services and Equitas Holdings, SP Tulsian said, “I won’t be probably chasing the Ujjivan and Equitas because both the stocks are having run up quite a lot."
It is better to take a call now on the other stocks as well because this is short covering and the fresh exuberance, long trades are seen now pending in both the stocks which may again see the profit booking coming in, Tulsian said.
On Tata Motors, he said, “We won’t be taking a buy call on the stock because if you have this kind of problems first they had a temporary closure for about couple of weeks, now they are going for the job cut."
"Our pick in the passenger vehicles space is Maruti Suzuki followed by Mahindra & Mahindra (M&M) and if you want to take a call on the two-wheeler it will be Bajaj Auto followed by TVS Motor,” Tulsian added.
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