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.
Parthiv Shah and Amar Singh may have recommended some of the stocks discussed in the show to their clients.
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