Should You Buy, Sell Or Hold Lupin, Maruti Suzuki, L&T, Axis Bank? #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 Tuesday’s episode, Sandeep Jain, director of Tradeswift Broking and Meghana Malkan, co-trainer at Malkansview gave their views on Lupin, Maruti Suzuki, L&T, Axis Bank and many more.
Watch the full conversation here:
Edited excerpts from the conversation:
Vani Subramanian: I bought 1,000 shares of IL&FS Transportation at Rs 84 apiece with a long-term view. Should I hold or sell?
Sandeep Jain: I would recommend to hold the stock and average at current levels.
Abhinav Sinha: I bought 41 shares of GNFC at Rs 278 apiece with a long-term view. What can be a good entry point to add more?
Sandeep Jain: I recommend the investor to book partial profits at Rs 550 levels, and that capital can be deployed in RCF.
Arun Kapoor: I bought 600 shares of East India Hotels at Rs 102 apiece with a long-term view. What should I do?
Sandeep Jain: I recommend the investor to hold the stock.
Sharath Saravu: I bought 150 shares of Apex Frozen Foods at Rs 630 with a long-term view. Should I hold or sell?
Sandeep Jain: The investor should try to exit the stock as soon as it opens up.
Akash Agarwal: I bought 10,000 shares of GVK Power at Rs 14.30 apiece. Should I hold or sell?
Meghana Malkan: I recommend the investor to stay invested, consolidate his profits and can perhaps add more.
Ajay Kumar: I bought 157 shares of GE Power at Rs 620 apiece with a five-year-view. What should I do?
Sandeep Jain: I advise the investor to hold on to the stock.
Chandra Pandey: Is it the right time to invest in Axis Bank with a six-month-view?
Meghana Malkan: The investor can enter with a stoploss of below Rs 525, and hold on for the stock to move above the nearest resistance level.
Akshat Kheskani: I bought 3,500 shares of HDIL at Rs 62. Should I hold or sell?
Meghana Malkan: I would recommend the investor to book profits and switch to SAIL.
Chitra Bisht: Is it the right time to invest in L&T with a long-term view?
Sandeep Jain: I recommend to buy L&T at current levels and accumulate further at lower levels.
Harsha Kothari: Is it the right time to invest in JSPL with a long-term view?
Meghana Malkan: JSPL can be a good investment, though I’m equally bullish on SAIL, however the stoploss for JSPL will be wider.
Akshat Maheshwari: I bought 300 shares of Lloyd Electric & Engineering at Rs 274 apiece with a five-year-view. What should I do?
Sandeep Jain: I recommend to hold the stock as it can give good returns in the long-run.
Keerti Sadanandan: What is your view on Responsive Industries?
Meghana Malkan: It is not the right stock to invest in at this point in time.
Lakshay Joshi: I bought shares of SBI Life during the IPO. What should I do?
Sandeep Jain: The investor can hold on to the stock, but valuations and price-wise ICICI Prudential is a better bet.
Ishan Shah: I bought ICICI Lombard shares at Rs 660 apiece. What should I do?
Sandeep Jain: The investor should remain invested.
Raj Shah: I bought 7,500 shares of Nitin Spinners at Rs 106 apiece with a medium-term-view. What should I do?
Sandeep Jain: I recommend the investor to hold on to the stock.
Ishan Shah: I bought Tata Motors shares at Rs 427 apiece. Can I add more?
Meghana Malkan: I would not advise the investor to buy at current levels.
Mehul Mehta: What is your view on Lupin?
Sandeep Jain: The stock is a good buy in the sector along with Dr. Reddy’s, Cipla and Divi’s Labs.
Arvind Bhargava: Can you recommend some stocks in the asset management companies’ class?
Sandeep Jain: Reliance Nippon AMC is a good bet.
Nitesh Jain: What is your view on Maruti Suzuki?
Meghana Malkan: I would recommend the investor to wait and buy on dips.
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- Sandeep Jain says he does not have any financial interest and does not hold any stocks that were discussed today.
- Meghana Malkan says she does not have any personal holdings in any of the stocks discussed.
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