#AskBQ: Should You Invest In Coffee Day, Manappuram Finance, TVS Srichakra?
#AskBQ | Expert advice on stocks including TVS Srichakra, Manappuram Finance, and Coffee Day Enterprises.
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice — be it in equities, commodities or the derivatives markets.
On Wednesday’s episode, Gaurang Shah, head of market strategy at Geojit Financial Services and Rahul Randeria, technical analyst at IFCL Financial Services gave their views on TVS Srichakra Ltd., Manappuram Finance Ltd., Coffee Day Enterprises Ltd. and much more.
Edited Excerpts:
Sagar Pruthi: I want to invest Rs 80,000 in TVS Srichakra. Is it the right time to enter?
Gaurang Shah: Prefer Ceat for the long-term
Suresh S Gowda: I want to invest Rs 40,000 in the market every month. Please advice.
Gaurang Shah: Invest in Yes Bank and Tata Motors for long-term
Somesh Dora: I bought 250 shares of Jai Corp. at Rs 108 with a short-term view. Should I hold or sell?
Gaurang Shah: I have no view. Prefer Federal Bank over the long-term.
Sarthak Kanodia: Bought 2,500 shares of Aban Offshore at Rs 253 about a year ago with a long-term view. Should I hold or sell?
Gaurang Shah: Reduce your holding. Prefer Petronet LNG for the long-term.
Asad Hameed Khan: I want to invest in the power sector with a long-term view. Is it the right time to enter the market?
Gaurang Shah: I would suggest you to invest on NTPC/Tata Power/Power Grid/REC for long-term.
Shireen Niazi: I bought 100 shares of Thomas Cook at Rs 218 a month ago with a long-term view. Should I hold or sell?
Gaurang Shah: I would suggest you to hold for long term.
Mukesh Ahlawat: I want to invest in Coffee Day with a short-term view. Is it the right time to enter the market?
Gaurang Shah: I would suggest you to avoid new investment as the news flow is not favourable.
Devendra Nagpure: What are your views on JP Associates?
Rahul Randeria: The stock has been volatile since last four months. It has rallied from Rs 9 to Rs 30.50 and now it is moving around Rs 15. The sell-off could be taking pause at this range. I would wait for the stock to settle down at Rs 15. I would recommend to Buy at those levels.
Karthi: What is your outlook on LT Foods?
Rahul Randeria: The stock has been most probably trading on low-liquidity and has been in a very broad range. The stock has been trading on the band of Rs 58 on the downside and Rs 70 on the upside and currently. One can buy at a stop loss of Rs 58.
Here’s how you can get your queries answered:
- Tweet us your using #AskBQ
- WhatsApp us on +91-8291229686
- Call us on 022-45404141
- Email us on askbq@bloombergquint.com
BloombergQuint does not endorse any investment recommendations. The views expressed on this website, livestream and social media are those of the experts. All readers and viewers should do their own due diligence on investment opportunities and if needed, consider professional advice.