Should I Invest In TCNS Clothing?#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, Abhijit Phatak, director, Definedge Solutions, and Parthiv Shah, director, TRACOM Stock Brokers , share their views on RBL Bank, Sterlite Tech, TCNS Clothing, and which mid-cap and large-cap stocks one should choose.
Watch the full conversation here:
Edited excerpts from the conversation:
Tejas Ganger: I need a long-term view on Jet Airways. Do you see a further downside from the Rs 300-315 level?
Parthiv Shah: Jet Airways is the least preferred stock among the aviation sector stocks. I would recommend one to wait for its earnings. One should consider SpiceJet or Interglobe Aviation, instead.
Ayush Jain: I have bought 1,000 shares of Havells at Rs. 560 apiece with a short-term perspective. Should I hold or book profits?
Abhijit Phatak: Keep a stop-loss below your cost. I would recommend one to keep a target price of Rs 800.
Sourav: I have bought 500 shares of Mahindra CIE at Rs 235 apiece for a short term. Should I book profits?
Abhijit Phatak: I would recommend one to keep a stop-loss of Rs 250 and hold on to the stock.
Netesh Dohare: I need a fundamental view on Bata India and Tata Elxsi with a two-three year time horizon? Is it the right time to make a fresh entry, or should I wait for some correction?
Parthiv Shah: I am bullish on the Tata Elxsi stock. One should hold on to the stock.
One can make a fresh entry into Bata India.
Adithya: I need a view on ITC Ltd at the current levels.
Parthiv Shah: I am bullish on this stock. I would suggest one to hold on to the stock.
Abhishek Rai: I have 500 shares of Yes Bank at Rs 335 apiece with a short-term view. Should I book profit or hold?
Abhijit Phatak: I think one should book partial profits at levels around Rs 400. Keep a stop-loss of Rs 350.
Ankit: I have 500 shares of RBL bank at Rs 515 apiece. Should I hold or book profits?
Abhijit Phatak: I think one can book partial profits but I am bullish about the banking stocks. I would recommend one to keep a stop-loss lower than the Friday’s low.
Kalim Khan: I need a long-term view on India Cements.
Parthiv Shah: I would recommend on to invest in Heidelberg Cement in the mid-cap stock of the cement segment.
Thiagarajan: I am currently holding 3,200 shares of Escorts. What are the stock-appreciation prospects, with a six months perspective.
Abhjit Phatak: Escorts is a bullish stock. I expect the stock to do well in the long-run run. One should keep a stop-loss of Rs 820 and hold on to the stock.
Navin Agarwal : I need advice on IDFC Ltd. I am currently holding shares at Rs 65 apiece, with a time horizon of two years. Is it the right time to average now?
Parthiv Shah: I would recommend one to invest in RBL Bank or Federal Bank.
Navneet: Can one buy shares of Reliance Industries at the current levels with a short-term level?
Abhijit Phatak: I would recommend one to wait for a while and to not invest at the current levels.
Harshvardhan: What are the trading strategies which I can use to buy at the current levels, which can give me good return over 8-10 months?
Abhjit Phatak: With a stop-loss below Rs 2,600, one can invest in Bajaj Auto.
Rahul: I am currently holding 72 shares of Dewan Housing at Rs 556 apiece. I need a long-term view. Is this a good time time to enter Sterlite Tech for the next four years?
Parthiv Shah: Sterlite Tech is a great company. This is a god stock to enter at the current levels and one can also hold on to it.
I am not very upbeat on housing finance stocks. I would, instead, recommend one to take that money and invest in NBFCs like L&T Finance Holdings and HDFC Ltd. where the yields are elevated.
Rangarajan Balakrishnan: I need a view on Dhanuka Agriteech. My time horizon is of three months. What should be my stop-loss and target price?
Abhijit Phatak: Keep a stop-loss below Rs 515. The long -term can be Rs 660-670.
Pranit Kumar: What is your view on TCNS Clothing?
Parthiv Shah: The issues of this stock were aggressively priced. I would suggest one to avoid the stock.
Dhritiraj Mitra: I am holding TVS Motor at Rs 375. Can I hold it for the next two years?
Parthiv Shah: I would suggest one to hold on to the stock for the next two-three years.
Navneet: Which stocks , at the current levels, can one invest in?
Parthiv Shah: This is a good time to invest in some large-cap stocks. ITC Ltd. and Reliance Industries are great stocks to invest at the current levels.
In the mid-cap segment, Pidilite is a good stock to invest in at the current levels.
Deep Joshi: I need a one-week view on Weizmann Forex Ltd.
Abhijit Phatak: The stock looks bullish. I would recommend one to keep a stop-loss of Rs 500 if one has already taken their position in this stock.
Abhijit Phatak and Parthiv Shah may have recommended some of the stocks discussed in the show to their clients.
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