financetom
Market
financetom
/
Market
/
Market expert SP Tulsian says FMCG and cement space look attractive
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market expert SP Tulsian says FMCG and cement space look attractive
Jul 30, 2019 9:56 AM

Stock market guru SP Tulsian of sptulsian.com on Tuesday said fast-moving consumer goods (FMCG) and cement sector look attractive for him.

Talking about the indiscriminate selling in RBL Bank, Tulsian said the private lender has an exposure of about Rs 150 crore to Coffee Day. Investors are exiting and probably this is the pain that has been bothering all the companies. As more exposure is coming every day, banks are taking a hit. Probably, the banks are not the safe place to hide where you talk of IndusInd Bank or RBL Bank or ICICI Bank.”

Talking about paint stocks, “We have been advising that paint results will be seen quite good and we have given a buy call on Asian Paints when it was ruling at around Rs 1,320-1,340. Now, we are advising a caution that remains away from these paints stocks, go for profit booking. I don’t think that you can expect much upside to be seen coming in."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech
Sector Update: Tech
Jan 22, 2025
01:37 PM EST, 01/22/2025 (MT Newswires) -- Tech stocks rose Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 2.2% and the SPDR S&P Semiconductor ETF (XSD) adding 0.8%. The Philadelphia Semiconductor index climbed 2.3%. In corporate news, Microsoft ( MSFT ) said late Tuesday it partnered with OpenAI to cooperate on Stargate, a project announced by President...
Sector Update: Financial
Sector Update: Financial
Jan 22, 2025
01:31 PM EST, 01/22/2025 (MT Newswires) -- Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) dropping 0.4%. The Philadelphia Housing Index rose 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 1.5%. Bitcoin (BTC-USD) fell 1.8% to $104,171, and the yield for 10-year US...
Exchange-Traded Funds Mixed, US Equities Rise After Midday Trading
Exchange-Traded Funds Mixed, US Equities Rise After Midday Trading
Jan 22, 2025
01:17 PM EST, 01/22/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM fell while IVV rose. Actively traded Invesco QQQ Trust (QQQ) climbed 1.6%. US equity indexes rose after midday on Wednesday as technology and communication services topped sector charts after Netflix ( NFLX ) released blowout Q4 results and President Donald Trump unveiled a multi-billion dollar artificial...
Sector Update: Energy
Sector Update: Energy
Jan 22, 2025
01:30 PM EST, 01/22/2025 (MT Newswires) -- Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.6% and the Energy Select Sector SPDR Fund (XLE) shedding 0.7%. The Philadelphia Oil Service Sector index dropped 1.6%, and the Dow Jones US Utilities index fell 1.5%. Front-month West Texas Intermediate crude oil was easing 0.1% at $75.76 a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved