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Buy, Sell Or Hold Avenue Supermarts, Force Motors, Tata Power? #AskBQ

#AskBQ | Expert Advice On Avenue Supermarts, Force Motors and Tata Power.

A Stock Broker Talks on a Telephone While Working on his Computer. (Photographer: Chris Ratcliffe/Bloomberg)
A Stock Broker Talks on a Telephone While Working on his Computer. (Photographer: Chris Ratcliffe/Bloomberg)

#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 Tuesday’s episode, Ashish Kukreja, managing director at Craft Wealth Management and Raja Venkatraman, chief technical analyst, at Chart Advice gave their views on Avenue Supermarts, Force Motors, Tata Power and many more.

Watch the conversation:

Edited Excerpts from the conversation:

Bhavesh: I bought 100 shares of Tata Global Beverages at Rs 153 with a long-term view. Should I hold or sell?

Ashish Kukreja: One can hold on to the stock

Sajid Ali: I bought 200 shares of Force Motors at Rs 4,365 with a long-term view. Should I hold or sell?

Ashish Kukreja: I would recommend you to move out and I and prefer Eicher Motors

Raj Shah: I want to invest in Dalmia Bharat Sugars and JSL Hisar with a short-term view. Please advise.

Ashish Kukreja: I prefer companies like Balrampur Chini and JSPL

Tejas Sharma: I want to invest in Avenue Supermarts with a short-term view. Is it the right time to invest.

Ashish Kukreja: My views are Bullish on the company. it can reach levels of Rs 2,000 but it will take some time and will not happen immediately.

Kanhaiya Somani: I bought 1,000 shares of Suzlon at Rs 18 with a long-term view. Should I hold or sell?

Ashish Kukreja: one can hold on to the stock as downside is limited. I think it might reach Rs 23 in the next six months.

Avinash: Could the stock price of Federal Bank touch Rs 126-128 levels?

Raja Venkatraman: Is you have invested. I would recommend to hold with a trailing stoploss of around Rs 108.

Guru: What are your views on ICICI Bank?

Ashish Kukreja: One will have to treat ICICI Bank as any other PSU bank for the way it is shifting in the sector. I do not recommend buy on the stock. I prefer Punjab National Bank

Ashish Mehra: What are your views on Bajaj Auto?

Raja Venkatraman: Bajaj Auto has been consolidating for a while. The recent breakout which we saw last month definitely indicates that there are some positive prospects emerging in this counter. Having moved out from the Rs 3,000 mark, the stock does look quite positive and could be the next gainer in the Auto sector.

Mayur Sharma: I bought 150 shares of Tata Power at Rs 81 with a five-year view. Should I hold or sell?

Raja Venkatraman: It is a range bound stock. I would recommend to exit and move to other power companies.

Amarjeet Singh Ghai: I bought 1,000 shares of ONGC at a price of Rs 170 in June 2017. Please advise.

Raja Venkatraman: ONGC does not look promising. I you are looking at Oil sector, I prefer oil marketers like Hindustan Petroleum, Bharat Petroleum and Indian Oil Corporation.

Ravi Udupa: What are your views on TVS Electronics?

Ashish Kukreja: I recommend you to book profits at this time.

Anil Salaria: What are your views on Tata Motors? What are your targets in the near-term?

Raja Venkatraman: The upward move is going to be labored. The target would be around Rs 500.

Atul Patil: I bought 50 shares of Trident at a price of Rs 103 at a long-term view. Please advise.

Raja Venkatraman: One can hold on to the stock.

Sarabjeet Singh: Which is the better pic between Sadbhav Engineering and IRB Infra?

Ashish Kukreja: Both are good stocks. But I prefer NCC

Disclosures:

Raja Venkatraman: My clients and I may have invested in few stocks that were discussed.

Ashish Kukreja: No financial interests and does not hold any stocks that were discussed.

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