Buy GMR Infra, Punj Lloyd, Mundra Port, L&T: SP Tulsian

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Buy GMR Infra, Punj Lloyd, Mundra Port, L&T: SP Tulsian

This article was posted on Jul 7, 2009 and is filed under Stock Views

SP Tulsian, Investment Advisor, says that investors should buy infrastructure & sugar stocks. He likes GMR Infra, Punj Lloyd, Mundra Port, L&T in the infrastructure space. He advises buying in Shree Renuka Sugar, Balrampur Chini, Sakthi Sugars, EID Parry.

He further adds that some of the major disappointments from the budget were no fiscal deficit control, no indication for divestment & increase in MAT. He feels this is a buying opportunity for investors in the market as the weakness would not last more than 1-2 days.

Nifty has crucial support at 4000 level while Sensex has support at 13500. He believes that traders had created long positions in the market post good announcements from the economic survey & railway budget. The fall in market was mainly triggered by unwinding of long positions.

source: moneycontrol

Note: The Credit of this post goes to the original witters of this post and not to NSEGUIDE