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Govt needs to push reforms to recoup credibility: Tulsian
6/28/2012 05:22 PM
SP Tulsian of sptulsian.com, says that he does not see any trading opportunity in Reliance Communication in July. On Brigade Enterprises, he says that the stock may run up to Rs 60 and profit booking can come in and the stock may correct to Rs 50-52 where it makes an ideal entry point. He has a negative view on on Aban-Offshore.
If FDI in aviation and retail kicks in then he plans to pocket Kingfisher Airlines, Spicejet, Jet Airways, Pantaloon and Provouge stocks.
He thinks the government and the FM have clearly realised that they need to recoup the credibility and create a conducive atmosphere to attract foreign investors if they want to change the outlook.
Below is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying videos.
Q: With news of penalty by DoT on Reliance Comm and past Veritas report which highlighted a huge dip in stock, how low can this stock fall?
A: At this point of time nothing positive is coming in for the company. However
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