In an interview to CNBC-TV18, stock market guru SP Tulsian shared his views on individual stocks and market fundamentals.

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Talking about ITC, he said, “If I presume that EPS can move to about Rs 10 for FY21 or FY20, in between, then ITC will continue to rule at a PE multiple of Rs 30-32 and taking that into account one should not be too ambitious on taking a call that this gap can get bridged but in isolation if you do not have any policy of not investing into the sin stocks then ITC definitely looks a good stock to invest.”

On Bharat Forge, Tulsian said, “The monthly order of North America truck sale should not be the only criteria for taking a call on the stock or on the viability of the performance of the company".

With regards to various market sectors, he said, “I am keeping positive view on rural theme and taking positive call on the NBFCs, FMCG stocks or maybe the 2-wheelers and the passenger vehicle stocks going forward because the prices at which these stocks are seen ruling maybe the 2-wheeler stocks have risen in the last couple of weeks like Bajaj Auto and Hero Motocorp or even Eicher Motors but the passenger vehicle stocks are seen languishing at a very low level like Maruti and Mahindra and Mahindra.”

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