Pedestrians walk past a Punjab National Bank (PNB) branch in Mumbai, India.(Photographer: Dhiraj Singh/Bloomberg)

Should You Buy Shares Of Punjab National Bank? #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, Kunal Rambhia, founder and fund manager at The Streets, and Sandeep Jain, director at Tradeswift broking, share their views on Reliance Industries, Punjab National Bank and HDFC AMC, among others.

Watch the full conversation here:

Edited excerpts from the conversation:

Shubbham Garg: I bought 500 shares of PNC Infra at Rs 150 apiece for short term. Should I hold or book profit?

Kunal Rambhia: This is a good stock and I would recommend one to keep a stop-loss of Rs 160 and hold on to the stock.

Ram Hegde: What is your view on Arvind with a one-year view? What are the targets I should consider?

Kunal Rambhia: I think one should wait for the breakout in the stock. On the lower side, the dip will be down to Rs 300-level. On the higher side, the stock could breach the Rs 450-level.

Bharat Bhushan: Which one should I choose between Reliance AMC and HDFC AMC for long-term investment keeping in mind the valuation gap?

Sandeep Jain: I would suggest one to wait for the HDFC AMC value to cool a little. I am bullish about Reliance AMC, too. One can invest in Reliance AMC with a 5 percent dip. I would suggest one to buy HDFC AMC at the Rs 1,650-level.

Abhishek Rai: I have bought 500 shares of Yes Bank at Rs 320 apiece for short term. Should I hold or book profits?

Kunal Rambhia: With a stop-loss of Rs 360, one should hold on to the stock.

Aditya Nair: I have 50 shares of Sun Pharmaceutical at an average price of Rs 685 apiece. I don’t mind holding the stock for long-term. What would be your advise?

Sandeep Jain: I would recommend one to hold on to the stock with a long-term view. One should wait to average the stock at Rs 550-level.

Navneet: Would you recommend one to buy shares of Punjab National Bank at the current level?

Sandeep Jain: I would recommend one to invest in Bank of Baroda and State Bank of India for fresh investment.

Gaurang Shah:There could be some turnaround in the stock and that could take about three more quarters. One should be willing to take risk and be patient.

Harsh Kumar: What is your fundamental view on South Indian Bank and Apollo Tyres?What are the levels to make a fresh entry with a two-three year view?

Sandeep Jain: The tyre stock will do well but I would recommend one to invest in TVS Srichakra instead. One can buy Apollo Tyres on a decline.

One should buy Kotak Mahindra Bank and IndusInd Bank at declines. These are good private sector bank stocks. I would recommend one to stay away from the South Indian Bank stock.

Saurabh Pathak: I bought 500 shares of IRB Infra at Rs 250 apiece for short term. Should I hold or book loss?

Kunal Rambhia: With a stop-loss of Rs 180, one can average at the current level.

Ujjwal Kumar: Should I invest in Reliance Industries with a short-term view? What should be my targets and stop-loss?

Kunal Rambhia: One should wait for the stock to touch Rs 1,150-level before investing for a short-term. Keep a stop-loss of Rs 1,100.

Rishabh Tiwari: I bought 1,000 shares of KNR Constructions at Rs 250 apiece for long term. Should I hold or sell?

Sandeep Jain: I would recommend one to hold on to the stock. One can make a fresh entry in L&T when the stock declines.

Manikant: I took an intra-day entry with 700 shares of Hindalco Industries at Rs 220.39 apiece. What should I do?

Kunal Rambhia: One can keep a stop-loss of Rs 216 with a short-term view.

Analysts’ Disclosure:

The experts 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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