SP Tulsian of sptulsian.com in an interview with CNBC-TV18 shared his views on the fundamentals of Federal Bank, DCB Bank, Escorts, retail stocks and others.

Tulsian said, "Federal Bank saw excellent recovery in the stock price and there was no disappoint on any front in the earnings, be it credit growth or net interest margin. The management commentary too was comforting."

According to Tulsian, most of the mid-sized private sector banks have done well giving confidence that DCB Bank could also surprise on the positive front going forward.

"So, there is still good upside seen for Federal Bank and wouldn’t be surprised to see it rising by 8-10 percent moving to levels of Rs 88 in this series. So positive on the stock with 2-3 weeks of the series or as an investment.

One could also take a call on DCB Bank and get rewarded," he said.

With regards to retail stocks, Tulsian said both AB Fashion Retail and Future Retail are interesting with good upside potential, "Retail seems to be a happening place but not sure about the sudden spurt seen in stock price of Future Retail."

If Reliance Industries Ltd (RIL) buys a controlling stake in Hathway and Den Networks, it would be seen as a positive for multiple system operators (MSO) consolidation. However, growth is more likely more for Den Networks, he added.

Expect best times to come for Escorts, said Tulsian, adding that the correction of about Rs 200 seen in the stock could be regained, "One could see levels of Rs 720-725 on Escorts in next one month or so."

Disclosure:

Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.