A worker removes a molten metal alloy from a furnace while sand casting a snap ends of a rope barricade at a factory in Aligarh, Uttar Pradesh. (Photographer: Udit Kulshrestha/Bloomberg)

What’s The Best Metal Stock? #AskBQ

#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equity market.

In today’s episode, Aditya Agarwala, technical research analyst, Yes Securities, and Astha Jain of Hem Securities, share their views on HDFC, BEL, Raymond Ltd. Hindustan Unilever Ltd and why it is a good idea to stay in Gujarat Alkalies.

Watch the full conversation here:

P.S Krishnan: I want to buy Ashok Leyland, Dr. Reddy’s, NMDC, and BEL today for two weeks. Please advice?

Aditya Agarwala: Two-weeks is a short time frame. These are good stocks to buy with a two-three months time frame. I would recommend on e to stay away from the metal stocks and stay away from NMDC. The other three stocks look good.

Muthukumar Ramaiyah: I currently own 125 shares of Rain industries at Rs 222.33. I need a long-term view on this.

Astha Jain: With a long-term perspective, I would recommend one to hold on to the stock. The oil industry will pick up and we expect better results on the stocks.

Nikhil Gande: Is it the right time to enter UBL, MCX, and DMART for a one week trade?

Aditya Agarwala: MCX looks very attractive on the charts and the current levels are viable to enter. I would not recommend entering DMart at the current levels. UBL is not a good idea at the current levels.

Neetesh Dohare: I am currently holding 80 shares of CEAT at Rs 1,500 each and 1,000 shares of Menon Bearings at Rs 102 each. Could you provide me a two-year term view for them? Should I hold on or book losses?

Astha Jain: I would suggest one to exit the CEAT stock immediately. M&M and Bajaj Auto are better investments. I would recommend one to hold on to the Menon Bearings stock.

Pratik Sharma: Why are public sector banks’ shares down?

Astha Jain: I would  not recommend one to invest in any of the public sector banks. Go with Yes Bank, HDFC Bank and Kotak Mahindra Bank instead.

Saurabh Pathak: I have bought 20,000 shares of BEL at an average rate of Rs 135 for long term. Should I hold or book loss?

Aditya Agarwala: One can average at the current levels and hold on for a year.

Ayush Jain: I have bought 2,000 shares of Tata Steel at an average rate of Rs 590 for long term. What should I do?

Astha Jain: I would recommend one to hold on to the stock. This is the only stock from the metal industry that I am bullish on.

Ira Singh: I would like a short-term view on Hindustan Unilever Ltd.

Aditya Agarwala: The stock is in a corrective mode currently. The current levels are not advisable to buy these stocks.

Srinivasan: I currently hold 200 shares of Raymond Ltd. at Rs 950 with a long-term view. Please advise on what to do?

Aditya Agarwala: If one intends to hold on to the stock for a year, keep a stop loss of Rs 660. An immediate stop loss would be of Rs 770.
Astha Jain: The fundamentals do not look great, and I would suggest one to stay away from the stocks.

Shaurya Bajaj: What is your view on PNC Infra?

Aditya Agarwala: These are good levels to enter the stock.

Shubham Garg: I have bought 25,000 shares of Federal Bank at an average rate of Rs 102 with a long-term perspective. What should I do?

Aditya Agarwala: If the stock is at the Rs 82 level, one can think of investing in it. I would recommend one to wait and watch.

Bharat Bhushan: I have bought 40,000 shares of NBCC at an average price of Rs 105. have a long-term horizon. Should i average at Rs 61 or should I completely exit?

Astha Jain: The stock has a high debt-to-equity ratio and I would recommend one to immediately exit this stock.

Uday Kumar: I need a view on Hindustan Copper, Karnataka Bank and Sterlite Tech, with a short-term perspective.

Aditya Agarwala: I would recommend against entering the Hindustan Copper stock. Karnataka Bank is the better option between the two, but wait and watch the stock’s updates.

This is a good time to enter Sterlite Tech. The stock is doing well and is at a good level to enter.

Santosh Kinikar: I would like a fundamental view on Berger Paints.

Astha Jain: The fundamentals are very attractive, and they are trading at a 52-week high. I would recommend one to invest in this stock.

Akshay: I have bought 350 shares of Brigade Enterprises at Rs 206. I am looking for a six-month view. What should I do?

Aditya Agarwala: The stock looks weak. I would recommend one to keep a stop-loss of Rs 175, or one can even choose to exit the stock at the current levels. I would recommend large-cap stocks like HDFC Bank, and BEL.

Vivek Kanujia: I would like a long-term view on HDFC Life. I have 50 shares at Rs 290. Should I hold on or add more value to it?

Astha Jain: I would suggest one to hold on to the stock.

Siva Kumar: Which is a better bet between UPL and Gujarat Alkalies?

Astha Jain: Gujarat Alkalies is the better stock and is performing well.

Subhash: I bought Confidence Petroleum India at Rs 48 with a long term perspective. Please suggest a target and stop-loss for a one-year duration.?

Aditya Agarwala: Keep a stop-loss of Rs 45 since the stock is a little volatile. Keep the target at Rs 60.

Bhavesh Jain​: What is your view on Ashok Leyland ? What should be my support level to enter?

Aditya Agarwala: This is a good time to start accumulating the stock and Rs 110 is a good support level.

Analysts’ Disclosure:

Aditya Agarwala and Astha Jain may have recommended some of the stocks discussed in the show to their clients.

Disclaimer: The commentary on BloombergQuint represents the view of external experts. Investors are advised to consult a certified financial advisor/planner when making any investments. No views shared on a BloombergQuint program or story or conversation should be construed as personal advice.

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