In his latest analysis and commentary, stock market expert SP Tulsian of sptulsian.com gave his top stock picks in an interview with CNBC-TV18.

SP Tulsian is a well-known equity analyst. A fundamental analyst with more than three decades of experience, Tulsian has an acute sense of logic and is respected for his frank and forthright views.

Talking about Muthoot Finance's Q3 performance, he said, “Very good numbers. In fact, both Muthoot Finance and Manappuram Finance having corrected, we have been cautioning at Rs 180-182 but having corrected to Rs 164-165 even that is qualified to be a buy. One cannot ride the momentum now because having risen so much one may expect the share to correct the way seen in Manappuram after showing a peak post results; even Manappuram has corrected by 10 percent. So probably, one can see this kind of fall coming in Muthoot also, not at the current price. But if you are holding it, then remain invested in the stock.”

When asked about Balkrishna Industries, Tulsian said, “We have seen a good run-up. In fact, the stock has been going up one way for the last 4-6 months and we have been keeping positive bias on the stock.”

According to the analyst, all the tyre companies including Ceat, Apollo Tyres and MRF have shown good numbers, but Balkrishna is in a different league because they have 90 percent of their volume coming in from exports and they are into off-the-road business. "So in spite of all the positives, there is no point in just hanging on. Even those who have bought earlier and have a long-term view can go for profit-booking and look to buy again on a fall of 5-6 percent,” he added.

Speaking about ONGC, he said, “I have never initiated buy call on ONGC in the last 3-4 years but at Rs 100, definitely I will be plunging to buy the stock because I can expect a dividend of Rs 5 for FY20 and that will be giving a good reward and I may be wrong on fundamental valuation basis but seem to have bottomed out at these prices. So it qualifies as a good buy from dividend-yield point of view.”