Tisco is a buy: CK Narayan, Sharyans Resources

CK Narayan, President Treasury, Sharyans Resources, in a chat with ET Now talks about Tisco.

From an FPO standpoint, on the charts and the trends that you have been spotting, which one looks like a preferred bet?

The answer on that is pretty self evident because from an FPO perspective, SAIL might be attractive to a certain section of players who want to try and push in large amounts of money into a single stock at one go which is what is the real opportunity which SAIL’s issue will offer.

It may be contrasted to something like Tisco. In the market, it is always a favourite of traders. It is favourite of abritragers, it is a favourite of institutions. So it is a hands on manner as far as the market play or the secondary market comes but in the primary market thing, SAIL may have an edge for the moment. But speaking from a stock perspective, any trader, any investor, any fund would any day go in for a Tisco as compared to a SAIL.