Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Should You Subscribe To HDFC AMC? #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, Ashish Kelkar, chief executive officer and master trainer at Kiran Jadhav & Associates, and Ashish Kukreja, managing director at Craft wealth Management, share their views on Kotak Mahindra Bank, Sterlite Tech, ICICI Prudential Life and HDFC, among others.

Watch the full conversation here:

Edited excerpts from the conversation:

Neetesh Dohare: I currently hold 140 shares of Kotak Mahindra Bank at Rs 1,385 per share. At what point will the stock bottom out so that I can increase my position? Any long-term views with respect to asset and NPA provisioning?

Ashish Kukreja: The stretched valuations of the stock have always been justified. With a long-term perspective, one should hold on to the stock. SBI and ICICI are good investment calls with a two-year perspective.

Sanjay Dongre: I am currently holding 60 shares of Abbott India which have, in over 10 years, have given me a compounded annual growth rate of over 15 percent on the capital employed. And in revenue, CAGR grew by over 10 percent. Please advise.

Ashish Kukreja: I think one should continue with the stock.

Srinivas Rao: Could you please provide a mid-term view on Firstsource? What is the entry level?

Ashish Kelkar: I would suggest one to enter the stock at levels above Rs 76 for Firstsource solutions.

Ayush Jain: I bought 1,000 shares of Havells India at Rs 560 apiece with a short-term perspective. Should I hold or book profits?

Ashish Kelkar: The stock looks good. One can buy the shares at current levels. I would recommend one to keep a stop-loss of Rs 605 and hold on to the stock or make fresh entries.

Rashi: What is your long-term perspective on South Indian Bank?

Ashish Kukreja: I would recommend one to enter the stock at the current level.

Ankit Mishra: I own 500 shares of RBL Bank at Rs 515 apiece with a short-term view. Should I hold or sell?

Ashish Kelkar: I expect the stock to go up. I would recommend one to hold on to the stock and to keep a stop-loss of Rs 555 on a closing basis.

Venkatesh: Bewteen Bajaj Auto and Hero MotoCorp, which is a better choice with a long-term perspective?

Ashish Kukreja: I would suggest one to enter Bajaj Auto after correcting 5-10 percent.

Navin Sukhadia: Why is JSW Steel sinking despite good earnings? What is your medium-term view and target on this stock?

Ashish Kukreja: The global trade war is worrying. I would rather suggest one to invest in JSPL (Jindal Steel and Power) with a long-term perspective.

Suresh: Is it a good idea to go short for Hero MotoCorp for intra-day at Rs 3,150 levels. What is your view?

Ashish Kerlkar: Keep a stop-loss of Rs 3,160 and hold on to the stock.

Sourav Kumar: I need a view on GNA Axles. I have a holding period of one year.

Ashish Kelkar: The stock looks good. With a short-term view, I would suggest one to exit the stock at Rs 450-level.

Alex: What is your short-term view on JK Lakshmi Cement? I bought the shares at an average price of Rs 421 apiece. Should I hold, average or exit?

Ashish Kelkar: I would recommend one to hold on to the stock. Keep a stop-loss of Rs 322. The target would be Rs 357 if the stock surpasses the Rs 330-level.

Srividya: What is your fundamental view on Pokarna with a time period of one-two years. Is it a good time to enter the stock?

Ashish Kelkar: I expect a further fall in this stock. I would not recommend to make a fresh buy. If one is currently holding the stock, I would recommend to keep a stop-loss of Rs 152.5 on a closing basis.

Siva Kumar: What is your long-term view on ICICI Prudential Life? Will it go to the Rs 500-level by the end of the year?

Ashish Kukreja: I think this will perform consistently for a short-term. However, with a long-term view, I would rather suggest one to invest in SBI Life.

Naveen Sukhadia: What are the near-term targets and fundamental aspects of Colgate?

Ashish Kukreja: I would prefer to invest in Jubilant Food Works, Asian Paints, ITC along with this stock.

Alex: The HDFC AMC initial public offering has been oversubscribed. Would you recommend one to subscribe or enter the stock after its listing?

Ashish Kukreja: One can subscribe right now. The valuations seem stretched but one can take a call in the long-term period. There is not much competition in this sector.

Alex: Should I buy Sterlite Tech or not?

Ashish Kelkar: I would suggest one to buy the stock with a stop-loss of Rs 325.

Analysts’ Disclosure:

Ashish Kelkar and Ashish Kukreja 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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