Signage for Housing Development Finance Corp. (HDFC) is displayed outside the company’s offices in Mumbai (Photographer: Vivek Prakash/Bloomberg)

Is It The Right Time To Invest In 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, Amar Singh, head-advisory, Angel Broking, and Parthiv Shah, director, TRACOM Stock Brokers Pvt. Ltd., share their views on HDFC AMC, SBI, trident, and what to consider before investing in a company.

Watch the full conversation here:

Edited excerpts from the conversation:

Nikhil Gande: What is your view on Axis Bank? I bought shares at Rs 565 apiece with a short-term perspective? Also, if the Voltas first quarter earnings are not good, what is the support level I should buy the shares at?

Amar Singh: I would recommend one to hold on to the Axis bank stock.

For the Voltas stock, one can hold with a stop-loss below Rs 560.

Rahul Nayak: I have 5,000 shares of Trident at Rs. 65 apiece with a three-month horizon. What should I do?

Amar Singh: I would suggest one to book profit on 50 percent of his stock and hold on to the other half.

Parthiv Shah:I would recommend one to sell the stock.

Subhash: Should I make a fresh entry into the ITI stock?

Amar Singh: I would recommend one to buy at Rs 90 apiece. One should keep a stop-loss of Rs 85.

Ananta Venkatakrishnan: Between HDFC Bank and Indusind Bank, which is a better investment?

Parthiv Shah: As a long-term investor, I would recommend one to invest in RBL Bank and I am bullish about this stock.

Rangarajan Balakrishnan: I bought stock of JK Lakshmi Cement at Rs 421 apiece, and Lincoln Pharmaceuticals at Rs 263 apiece. What is your six-month view on these?

Amar Singh: I would recommend on to use the gains on JK Lakshmi Cement to sell the shares. Keep a close watch on it.

For Lincoln Pharma, I would recommend one to hold on to the stock and keep a watch for the Rs 240 level for the upside.

Akash Agarwal: Is this the right time to buy HDFC AMC at the current price levels?

Parthiv Shah: I would recommend one to wait and not buy the entire quantity and watch the stock’s performance. A staggering manner approach is a good approach to this stock.

I would recommend one to hold on to the stock if they already have been allotted shares.

Velankewar Navanath: I am a fresh investor and what should I keep in mind before investing in any company? I have Avenue Supermarts and Vijaya Bank in my portfolio.

Parthiv Shah: The quality of the management and the quality of the business should be two things one must consider before investing in a stock. As for the investor’s stock, I would recommend one to hold on to the Avenue Supermarts stock. One should instead invest in Karur Vyasya bank instead of Vijaya bank.

Vivek Kanojia: I would like a three-month view on SBI. I currently hold 10 shares of the stock at Rs 307 apiece.

Amar Singh: I would recommend one to hold on the stock with a stop-loss of Rs 300.

Ram: What should be my target price for Mahindra & Mahindra and Kotak Mahindra for August futures?

Amar Singh: I would suggest Rs 950-Rs 960 as a good  level for the Mahindra & Mahindra stock.

I would recommend one to hold on to the Kotak Mahindra Bank’s stock.

Melwyn: At current levels, among Power Grid Corporation of India, UPL, and TVS Motors, which is a better stock with a two-year time horizon?

Parthiv Shah: I would recommend one to drop the Power Grid Corporation stock. UPL and TVS Motors are good stocks and one should hold on to these stocks.

Navneet: What is your long-term view on L&T Finance Holdings?

Parthiv Shah: I would recommend one to hold on to the stock. This is a good time to make fresh entries into the stock, too.

Puneet Nanda: I have bought 500 shares of Shriram Transport Finance at Rs 1,200 apiece. Should i book profit?

Amar Singh: I would recommend one to book 50 percent profit at the current level and the rest can be sold below Rs 1,350 levels and hold on to their position.

Shailendra Gupta: I have one lot of Interglobe Aviation at Rs 920 apiece. Should I book profit?

Amar Singh: One can book profit at the current level.

Thiyagarajan Shanmugam: I have bought 1,200 shares of Transport Corporation of India at an average price of Rs 275 apiece. What is your view on the stock if I can hold on to it for one year or more?

Parthiv Shah: I would recommend one to hold on to the stock. One can even make a fresh entry at the current level and hold on for three years,

Kiran Chamarthi: Can we enter the HPCL stock at the current level with a two-year view?

Parthiv Shah: I would recommend one to avoid the stock at the current level.

Analysts’ Disclosure:

Parthiv Shah and Amar Singh 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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