What Are The Top Small- And Mid-Cap Picks? #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 Tata Motors, HDFC Life, Federal Bank, and recommend insurance stocks one needs to watch out.
Watch the full conversation here:
Anant Gupta: I bought 5,200 shares of Kesar Petroproducts at Rs 34 with a long-term view. Should I buy or sell?
Brijesh Singh: The stock has eroded and I would recommend one to sell this stock. Use any rise in the stock to exit it. To reclaim one’s losses, I would suggest investing in Reliance Industries with a stop-loss of Rs 1,000. HPCL, too, can be bought at the current values with a stop loss of Rs 225.
Shunham Garg: I have bought 25,000 shares of Federal Bank at an average rate of Rs 102 with a long term perspective. I have incurred a loss of over Rs 6 lakh. What should I do?
Sandeep Jain: I would recommend the investor to hold on to the stock since there is no other way out. Try to average at Rs 70-72.
Nikhil Gande: I bought stocks of Bharti Airtel at Rs 395, and OnMobile at Rs 44. Should I hold, sell or add stocks?
Brijesh Singh: Keep a stop-loss of Rs 320, and use any rise in the stock to exit the stock. I would recommend one to hold on to the OnMobile stock, with a stop loss of Rs 32. For short-term to edium-term, keep a stop-loss of Rs 37.
Saurabh Pathak: I bought 20,000 shares of BEL at an average rate of Rs 135 for long term. Should I hold or book loss?
Sandeep Jain: I would suggest one to hold on to the stock and monitor the performance.
Rangarajan Balakrishnan: Is it a good time to invest in L&T Finance at the current levels with a time horizon of one year? What should be my stop loss and target price for the first time frame?
Brijesh Singh: I would suggest that Rs 140-145 is a good level to buy, with a stop loss of Rs 125.
Mohit Sharma: I bought Lupin at Rs 1,400. What should I do?
Sandeep Jain: I would suggest to hold on to the stocks and not exit so soon. At Around Rs 750-775, one can average. Keep a holding period of at least 15-18 months.
Debarpan Sarkar: Can I make fresh entry into Parag Milk Foods at the current levels with a long-term perspective?
Brijesh Singh: I would recommend one to not make a fresh buy at this level. At around Rs 255, one can make a buy call with a stop loss of Rs 225.
Vivek: I have bought 50 shares of Bharat Forge at Rs 625. Should I hold or book losses? My time horizon is three-six months.
Brijesh Singh: I would recommend one to hold on to the stock with a stop-loss of Rs 560. With a short-term view, one can also invest in Federal bank, HPCL, Reliance Industries Ltd.
Vikas Kumar: I bought 5,000 shares of JK Lakshmi Cement at an average rate of Rs 385 with a long term view. What should I do?
Sandeep Jain: I feel UltraTech is the best bet in the larger cap in the cement sector. For the smaller cap, go with Ramco cement. Even Dalmia Cements is a good investment.
Bharat Bhushan: I have bought 40,000 shares of NBCC at an average rate of Rs 105, I have a time horizon of one year. Should I exit?
Brijesh Siungh: I would suggest one to hold on to the stocks. Exit between Rs 70 and Rs 80 with a stop loss of Rs 52.
Virendra Natu: I have 100 shares of Tata Motors at Rs 377 and that has the highest weightage in my portfolio. What should I do with a long term view?
Sandeep Jain: I would suggest one to stay invested and hold on to the stock.
Saran Gupta: I am currently holding 50 Shares of HCL Technologies at an average price of Rs 985. I have a short term view of six months. Should I hold or accumulate at dips?
Brijesh Singh: Accumulate at lower levels between Rs 940 and Rs 950 with a stop loss of Rs 890. I would suggest one to hold on to the stock and to not accumulate at the current levels.
Suresh Rajkumar: Since the small- and mid-cap stocks have corrected significantly, can you suggest two good quality stocks from these sectors to hold on to for the next two-three years?
Sandeep Jain: Investors should look for opportunities which allow encashing the buy-back offers. TCS and HCL Technologies are good stocks with a great buyback offer. Rs 960-9701 is a good range to invest in HCL Tech with a buyback at Rs 1,100.
ITC and ICICI Pru are safe bets in the large-cap.
Abdul Nazeer: Could you tell me more about Dewan Housing finance?
Sandeep Jain: This is a good stock with a good valuation and a fast growth. A good level to enter this stock with a long-term bet would be Rs 550-570. HDFC is also a good stock to buy.
Navneet: Is HDFC Life a good stock to invest with a long-term horizon?
Sandeep Jain: Absolutely. I am bullish about the insurance sector and this is a good stock to invest. SBI Life, ICICI Pru, and HDFC Standard Life are good stocks for returns.
Sandeep Jai and Brijesh Singh may have recommended some of the stocks discussed in the show to their clients.
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