Should I Invest In Tata Motors? #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, Sameet Chavan, chief analyst of Technical & Derivatives, and Gaurang Shah, head investment strategist at Geojit Financial Services, share their views on Tata Motors, Axis Bank, and Asian Paints, among others.
Watch the full conversation here:
Edited excerpts from the conversation:
Niket Desai: I bought shares of Blue Dart Express at Rs 5,900 apiece. I have incurred a loss of Rs 1.5 lakh. With a long-term perspective, what should I do?
Gaurang Shah: I would advice one to stay in the stock only if they have a time horizon of two-three years. One can average 25-30 percent shares at the current level.
Jitendra Kumar: I need a two-three year view on Edelweiss and Sirca Paints. Can I buy at current levels?
Gaurang Shah: I would suggest one to invest in Asian Paints, instead. It is a better stock and is rallying.
Sameet Chavan: I generally do not recommend Edelweiss. But at the current level, it looks good. One may invest.
Srinivas Rao: I would like a three-year view on SpiceJet and Aurobindo Pharma. Should I enter at the current level?
Gaurang Shah: I would suggest one to take the leap and invest in Interglobe Aviation instead of SpiceJet. For Aurobindo Pharma, I would recommend one to keep a three-year time horizon with a target of Rs 880-890.
Nikhil Gande: I bought shares of Axis Bank at Rs 565 apiece with a short-term view. Should I hold or sell?
Sameet Chavan: One can keep a stop-loss of Rs 530 and hold on to the stock.
Amit Acharya: I need a fundamental view on Maruti Suzuki.
Gaurang Shah: I would recommend one to keep a target of Rs 10,500-10,800 for an immediate short to medium-term perspective.
Gopi Gopal: With outset of sales figures for July, what is the prospect for Ashok Leyland for August? I bought it at Rs 5.5 apiece premium.
Sameet Chavan: I would recommend one to hold on to the stock. If it clocks Rs 120, one can sell.
Alex: What is your view on Tata Motors?
Gaurang Shah: I would recommend one to invest in the stock at the current level with a two-three year perspective. One can average at the current level, depending on the price at which they entered the stock.
Saurabh Pathak: I need a view on Bharat Electronics. I own 20,000 shares in the company at Rs 135 apiece with a long-term perspective. Should I hold, sell or average?
Sameet Chavan: I would recommend one to hold on to the stock and keep a stop-loss of Rs 105.
Bhabani Shankar: With a one-two year time horizon, which is the best stock to enter among Ashok Leyland, Kotak Mahindra Bank, Reliance Industries, Nestle India and Muthoot Capital? I can invest up to Rs 50,000.
Gaurang Shah: With the investment amount mentioned, I would suggest one to invest in either Kotak Mahindra Bank or Ashok Leyland.
Abhishek Rai: I have bought 2,000 shares of UPL at Rs 705 apiece with a long-term perspective. What should I do?
Gaurang Shah: I would recommend one to hold on the stock or even average at current levels.
Shivani Dhanuka: I have bought DHFL at Rs 602 apiece. Should I average, sell or hold?
Sameet Chavan: I would suggest one to keep a stop-loss of Rs 581. Once the stock surpasses Rs 630, it could ascertain the near-term strength and then one can average.
Rangarajan: With a six-month perspective, which stock is a great investment?
Sameet Chavan: With a stop-loss of Rs 490, one can invest in LIC Housing Finance. Petronet LNG is a good stock, too, to invest for a long-term at current levels.
Suresh: In the FMCG space, which stock should I start accumulating from now?
Gaurang Shah: I would recommend one to invest in Dabur and ITC. Voltas and Symphony are good consumer durable stocks. Bata India and Jubiliant Foodworks, too, are good stocks for investment.
Sameet Chavan and Gaurang Shah may have recommended some of the stocks discussed in the show to their clients.
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