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SP Tulsian positive on Zee Entertainment and IDFC Bank
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SP Tulsian positive on Zee Entertainment and IDFC Bank
Nov 22, 2018 7:36 AM

SP Tulsian discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the fundamental side of the market as well as specific stocks and sectors.

On Zee Entertainment, SP Tulsian said, “We have been saying this stock has tremendous value and maybe the statement by the CEO of the company Punit Goenka about their international players has to do more to extract the maximum value."

This company has a lot of value, this is a futuristic company where the tech and media has to get combined, Tulsian said.

They have taken the right step at the right time and never waited for the company valuation to go into dump and spoil the valuation, he said, adding that it won’t be surprised to see the stock moving closer to about Rs 485-500 in next one month. "I am expecting at least 30 percent premium on the current market price,” Tulsian said.

SP Tulsian has a positive view on IDFC Bank also. Their matter is placed before National Company Law Tribunal (NCLT) on December 5 and that just seems to be a formality and once that comes in the Capital First will convert into a full-fledged IDFC Bank, Tulsian said.

"The managerial expertise of the Capital First is seen coming back into IDFC Bank. So, IDFC Bank will be a new hi-tech bank with a new managerial inputs expertise coming in and it is seen to be having only logical reason for the stock to move up,” he said.

Disclaimer

: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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