#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 Thursday’s episode, Rahul Randeria of IFCI Financial Services and Sandeep Jain of Tradeswift Broking gave their views on BPL, Force Motors, MCX, and many more.
Watch the full conversation here:
Edited excerpts from the conversation:
Saurabh Shukla: I bought 1,000 shares of BPL at Rs 117 apiece with a long-term view. Should I hold or sell?
Sandeep Jain: I would recommend the investor to hold, and buy more on declines.
Amarjit Singh: I bought 20 shares of Force Motors at Rs 3,375 apiece with a long-term view. What should I do?
Rahul Randeria: I recommend the investor to remain invested for another year at least, with a stop loss of Rs 3,200.
Sandeep Jain: The investor can continue to hold as the risk reward ratio is good with a target of Rs 4,500-Rs 4,800 in the years to come.
Shubham Gupta: Is it the right time to invest in Setco Automotives with a long-term view?
Rahul Randeria: The investor can accumulate at Rs 56-58 levels, with a stop loss of below Rs 49.
Rishi Gadhiya: I bought 200 shares of Sterlite Tech at Rs 120. Should I continue to hold?
Rahul Randeria: I would advise to hold onto the stock with a stop loss below Rs 240.
Arpit Maheshwari: I bought 400 shares of Reliance Infra at Rs 520 with a long-term perspective. What should I do?
Sandeep Jain: The investor can continue to hold onto the stock, considering the renewed focus in Anil Dhirubhai Ambani-owned companies. I recommend Reliance Industrial Infra as well.
Aayush Malik: What is your view on ICICI Bank?
Rahul Randeria: If the investor has invested in the stock, I would advise him to hold onto it with a stop loss of Rs 295 and take a review once it breaks Rs 320 levels.
Mashahir Ahmed: I bought 500 shares of SKM Egg Products at Rs 94 with a long-term view. What should I do?
Rahul Randeria: The investor can continue to hold onto the stock as it is poised for a turnaround, with a stop loss of Rs 50.
Viren Kashyap: Is it the right time to invest in BSE and MCX with a long-term view?
Sandeep Jain: One can certainly invest in both the stocks at current levels. However, of the two, I would recommend MCX.
Prashant Joshi: I bought 20 shares of Ajanta Pharma at Rs 1,354 apiece with a three-month view. Should I hold or sell?
Rahul Randeria: The investor can remain invested with a stop loss of Rs 1,360 and long-term target of Rs 1,622.
Sameer Das: I bought 100 shares of DHFL at Rs 620 apiece. What should I do?
Rahul Randeria: The investor can continue to hold on with a stop loss of Rs 568, and can take a review once the stock breaches Rs 630.
Gaurav Garodia: What is your view on Claris Lifesciences?
Rahul Randeria: The investor can hold on and wait for some pullback, or exit on rallies. Recommend Aurobindo Pharma instead.
Rahul K: What is your view on Zee Media?
Sandeep Jain: The valuations are not very comfortable, recommend Dainik Bhaskar instead.
Bighnaraj Mishra: I bought 1,000 shares of Bhushan Steel at Rs 100 apiece. What should I do?
Sandeep Jain: The investor can buy at these levels, but not for long-term , only for encashing on rallies.
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- Rahul Randeria said he does not have any financial interest and does not hold any stocks that were discussed today.
- Sandeep Jain said he does not have any personal holdings in any of the stocks discussed.
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