Which Mid-Cap Stock Can Become A Multi-Bagger? #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,Sharmila Joshi, independent investment adviser, and Brijesh Singh, senior technical analyst, StockAxis , share their views on RBL Bank, Ashok Leyland, ITC Ltd and which mid-cap stock could become a multibagger.
Watch the full conversation here:
Edited excerpts from the interaction:
Nitesh Dohare: Could you tell me more about non-cyclical sectors that are currently facing headwinds but are expected to grow in the coming two-three months?
Sharmila Joshi: Pharmaceutical sector is a sector that has under-performed in the past years but this is a good sector to bet on, especially with the U.S. FDA rulings.
Bharat Bhushan: I have bought 40,000 shares of NBCC at an average rate of Rs 105 apiece with a long term perspective. Should I hold, average or exit?
Brijesh Singh: It is not advisable for one to average at the current levels. I would suggest one to keep a stop loss of Rs 58 and to hold on to the stock. Use the gains in the stock to make an exit from the stock.
Shiva Kumar: Which mid-cap stock has strong fundamentals and can grow to become a multi-bagger?
Sharmila Joshi: I would suggest Ashok Leyland. NBCC, too, is a good stock with its own niche. Rs 63 would be a good price to enter the stock.
Ram Hegde: L&T has started its up move. Any specific target to look out for this is for August series?
Brijesh Singh: I would recommend one to keep a stop-loss of Rs 1,250. For anything below Rs 1,280, I would recommend one to buy.
Rishabh Tiwari: I have bought 5,000 shares of VA Tech Wabag at an average rate of Rs 605 apiece for long term. What should I do?
Sharmila Joshi: With the environmental policies and the different policies pertaining to the water bodies, the company will continue to receive order. However, the stock has not performed as well as it was expected to. I would suggest an investor to take their own call on this.
Subham Garg: I have bought 25,000 shares of Federal Bank at an average rate of Rs 102 apiece with a long term horizon. What should I do?
Sharmila Joshi: I would recommend one to hold on to the stock.
Partha SK: What should be my stop loss for Ashok Leyland?
Brijesh Singh: I would recommend one to keep a stop loss of Rs 105 for a very short-term period. For a long-term horizon, Rs 90 should be the stop loss.
Saurabh Pathak: I have bought 20,000 shares of Bharat Electronic Ltd at an average rate of Rs 135 apiece for a long term. Should I hold or book loss?
Sharmila Joshi: I would recommend one to hold on to the stock with the current price level.
Rangarajan Balakrishnan: I own shares in Avadh Sugar & Energy Ltd., which I bought at an average price of Rs 389 apiece. Should I hold, average, or exit?
Brijesh Singh: The sugar sector has a cyclic trend. I would recommend one to hold on to the stock at the current level. I would also suggest one to exit the stock if it touches the levels of Rs 320-325.
Akash: I hold 2,000 shares of RBLBank at Rs 575 apiece. With a long-term view, should I add to the stock?
Sharmila Joshi: The I would suggest one to hold on to the stock at the current level. If one is willing to wait for the long-term benefits, only then would I recommend the buy call.
M Sandeep: I bought 500 shares of Prakash Industries at an average price of Rs 240 apiece. Should I hold or exit?
Brijesh Singh: Keep a stop-loss of Rs 102. I would recommend one to not make a fresh entry.
Paras Singh: I have bought 7,000 shares of LIC Housing at an average rate of Rs 611 apiece with a long-term perspective. What should I do?
Sharmila Joshi: The stock is great at the current level. I would suggest one to hold on to the stock.
Sumit Agarwal: I have 1,58,000 shares of Gati at Rs 130 apiece. What should I do?
Sharmila Joshi: For benefits to show up in Gati, I think one should hold on to the stock for two more quarters.
Sandip: I have bought one lot of ITC at Rs 270 apiece with July futures. What is the view?
Brijesh Singh: I would suggest one to book profit at Rs 275. I would recommend against a roll-over.
Sanjeev Agarwal: What should I choose: Tata Motors DVR or Ashok Leyland?
Sharmila Joshi: I would recommend one to choose Tata Motors DVR.
Sharmila Joshi and Brijesh Singh may have recommended some of the stocks discussed in the show to their clients.
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