Which Sectors Should Your Top Stocks Be From? #AskBQ
#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, Sameet Chavan chief analyst of technical and derivatives at Angel Broking and Gaurang Shah, head market strategist at Geojit Financial Services Ltd. gave their views on the sectors one can invest in.
Watch the full conversation:
Edited excerpts from the conversation:
Rajeev: I want to invest in Petronet LNG and Dabur with a long-term view. Should I hold or sell?
Sameet Chavan: I recommend you to enter Petronet LNG closer to Rs 230-240 levels and Dabur at Rs 315-320 levels.
Rishab Agarwal: I want to invest in Sun Pharma with a long-term view. Is it the right time to invest?
Gaurang Shah: I have a reduce/sell recommendation on Sun Pharma.
Swathi: I want to invest in Nalco and Trident with a three-year view. Is it the right time to invest?
Gaurang Shah: I recommend adding Nalco. Start investing around 25 percent to 30 percent on dips.
Sameet Chavan: I recommend you to buy Trident at a dip of Rs 70-75.
Ram Yadav: I want to invest in the markets with a long-term view. What stocks should I look at?
Gaurang Shah: I recommend you to look at metals, cement, non-banking finance companies, housing finance companies and private banks.
Balaji Srinivas: I want to invest in Yes Bank with a long-term view. Is it the right time to invest?
Sameet Chavan: I suggest add at current levels and add further if at corrections towards Rs 270-280 levels.
Prateek Khemka: I bought 100 shares of GNFC at Rs 530. What should I do?
Sameet Chavan: If you are a long-term investor, hold till Rs 420 or exit at any bounce.
Kaustubh Goyal: I bought Praj Industries at Rs 82. Should I hold or sell? What are your views on Reliance Industries?
Gaurang Shah: I suggest you to exit Praj Industries and buy Reliance Industries with a long-term view.
Balaji Srinivas: I bought BHEL at Rs 100. What is your views?
Sameet Chavan: I recommend you to enter beyond Rs 100-102 levels. If you want to stay put, Rs 80 should be your stop loss.
Harsha Vardhan: What are your top picks from the travel and tourism sector?
Gaurang Shah: Cox & Kings and Thomas Cook are my top picks although look at other sectors for long term investment.
Sunil Chahal: I bought 100 shares of Balaji Telefilms at Rs 150. Is it advisable to hold for next 10 years?
Gaurang Shah: It is better to bet on the index than the company for a 10-year view.
Purushottam Sharma: I bought Granules at Rs 130. What should I do?
Sameet Chavan: I recommend you to exit if the stock gives a decent rally towards Rs 130-132.
Jai Prakash Netha: I want some advise on Bharat 22 ETF.
Gaurang Shah: It could be a good investment for the longer term.
Raghav: I bought 100 shares of AB Capital at Rs 198 and Manappuram at Rs 98. I want a short-term view. What should I do?
Sameet Chavan: As long as the stock remains between Rs 180- 185 and Rs 205-210 levels, AB Capital will see some consolidation.
For Manappuram, the stock will move for the next few weeks.
Harsha Vardhan: What can I buy in the renewable energy space?
Gaurang Shah: I recommend you to avoid the sector.
Gurusai Prasankumar: I bought Rain Industries at Rs 390 for a medium-term. What should I do?
Sameet Chavan: There could be profit booking towards Rs 300-320 levels.
Dhiraj Reddy: Sterlite Technologies is highly volatile but is it a good stock to get in?
Sameet Chavan: I would not advise you to buy at current levels, wait for a decent dip or a time-wise consolidation.
Jai Prakash Netha: I bought Alkem Labs and Laurus Labs at the IPO. Should I hold or exit?
Gaurang Shah: I recommend you to hold Alkem Labs.
Sameet Chavan: I would recommend you to wait for a break out to happen around Rs 560.
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- Both the analysts do not have any financial interests and does not hold any stocks discussed today.
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