An Indian two thousand rupee banknote is arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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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Analysts’ Disclosure:

  • 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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