Metal being smelted in a factory (Photographer: Phil Weymouth/Bloomberg News)

Which Is 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, Brijesh Singh, senior technical analyst, StockAxis, and Sandeep Jain. director, Tradeswift Broking, share their views on cement stocks, Vedanta, BEL, and metal stocks viable for investment.

Watch the full conversation here:

Edited excerpts from the conversation:

Nikhil Gande: I bought shares of Voltas at Rs 610 apiece. With the first quarter result coming up, should I add more shares?

Brijesh Singh: I would recommend one to start accumulating below the Rs 540 level, with a stop-loss of Rs 510. Hold on to the stock.

Shaurya Bajaj: I bought shares of Asian Paints at its high. What should I do?

Brijesh Singh: I would recommend one to hold on till the stock touches a stop-loss of Rs 1,410.

Ravi Shankar: Can I buy Apar Industries at the current level? I need a six-month view.

Brijesh Singh: For a short-to-medium-term time frame, one can look to accumulate the stock with a stop-loss of Rs 495.

Shailesh: What is your view on TCS Ltd. ? What levels can we expect by the end of expiry on Aug. 30.

Brijesh Singh: If the stock reaches Rs 1,910 level, one can buy the shares with a stop-loss of Rs 1,875.

Sujata: I currently have 12,350 shares of Ashok Leyland at Rs 140 apiece. What is your technical view on this?

Brijesh Singh: I would recommend one to accumulate below the Rs 150 level. The stock looks bullish. Hold on to the stock with a stop-loss of Rs 105.

Siva Kumar: I need a long-term view on L&T Finance Holding.

Sandeep Jain: I would recommend one to hold on to the stock and it can be bought in declines.

Gopi Gopal: The cement stocks are turning around. With the Finance Minister positive about bringing down the GST on cement products, is it a good time to enter Heidelberg cement ? Any rational targets?

Sandeep Jain: I would instead recommend one to invest in larger cement stocks like Ultratech Cement and Prism Johnson. Star Cement, too, is a good stock. The cement sector seems bullish.

Adwait Vaidya: I bought shares of Yes Bank at Rs 349 apiece. Should I hold, sell or book profits?

Brijesh Singh: I would recommend one to book partial profits right now with a trailing stop-loss of Rs 350.

Ashok Rajpurohit: I need a view on Ashok Leyland with a long-term view.

Sandeep Jain: I would recommend one to hold on to the stock and those looking to enter the stock can do so at the current level.

Debarpan Sarkar: With a fresh entry and a one-year outlook, I would like your view on Oberoi Realty.

Brijesh Singh: I would recommend one to enter the stock at Rs 450 level with a stop-loss of Rs 420. The current level is not viable to enter the stock.

Sandeep Jain: One should buy the stock once it declines. One should hold on to the stock, and those looking for a long-term view should enter the stock between Rs 425 and Rs 450.

Vivek Kanujia: I need a three-year view on Uflex and Time TechnoPlast.

Sandeep Jain: I would recommend one to wait for a while before entering the stock.

Parth Soni: I want a technical view on Coal India.

Brijesh Singh: With a stop-loss of Rs 260, one can take a buy call at levels below Rs 270.

Tushar Tiwari: Has Reliance Industries been overvalued?

Sandeep Jain: The stock is not overvalued and, is in fact, a good stock. Reiance Jio and Retail are good emerging segments. One should buy the shares on declines.

Rahul Nayak: Among aluminium, iron ore, steel and copper, which one should I go with?

Sandeep Jain: These are cyclical commodities. Hindalco is a good stock. MOIL, too, is a great stock to enter. Vedanta is a good bet with a long-term view.

Harsha Vardhan: What would your advice be on Andhra Sugar?

Brijesh Singh: With Rs 350 as your stop-loss, one can enter the stock. Look for the target of Rs 425.

Lakshmi Kumar: I bought shares of Bharat Electronics Ltd. at Rs 143 apiece. What should I do?

Sandeep Jain: I would recommend one to hold on to the stock. Whenever there is a correction, one can average the shares.

Analysts’ Disclosure:

Brijesh Singh and Sandeep 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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