Bajaj Finance Or Bajaj Finserv? Should You Hold BSE? #AskBQ
#AskBQ | Expert advice on Dilip Buildcon, NBFC Sector, India Cements and much more.
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.
On Monday’s episode, Amar Singh of Angel Broking and TS Harihar of HRBV Client Solutions gave their views on Dilip Buildcon, NBFC Sector, India Cements and much more.
Watch the full conversation:
Edited excerpts from the conversation:
Dexter Devitto: I bought 200 shares of Dilip Buildcon at Rs 675 with a six-year view. Should I buy more on dips?
TS Harihar: I would recommend you to hold on to the stock. You can review the stock once it crosses Rs 1,200 levels. You can also add more if the stock reaches Rs 800-850 levels.
Shivang: Which is a better bet between Bajaj Finserv and Bajaj Finance with a three-year view?
TS Harihar: If you are looking at NBFC sector, I think Bajaj Finance is a good bet with a three-year view.
Satish K Neni: I have 3,000 shares of Meghmani Organics at Rs 96 with a 3-6 month view. Please advise.
Amar Singh: The long-term trend remains positive, whereas the short-term and medium-term remain negative. The downside seems to be limited. One can hold on to the stock with a stop-loss below Rs 85. You can book profit once the stock reaches Rs 108-110 levels.
Nandkishore Dhawale: What are your views on IL&FS Transport and India Cements with a 4-5 year view.
TS Harihar: We are not positive on IL&FS since the stock is an underperformer. Regarding India Cements, one can invest at Rs 150 levels with a long-term view.
Aniket: I bought Suzlon Energy with a one-year view. Should I hold on to the stock?
TS Harihar: Suzlon might not be a right choice in the sector. If you’re looking for a stock in the power sector, Tata Power is a better bet.
G Akshay: I bought 100 shares of Capital First at Rs 830 with a short-term view. Should I average or wait for more correction?
Amar Singh: I suggest you accumulate the stock at Rs 590-600 levels.
Ashwin Mehta: What are your views on IDBI Bank?
TS Harihar: I don’t think it makes sense to buy into a bank that has the level of non-performing assets that IDBI Bank does. Also, the bank is under the Reserve Bank of India’s prompt corrective action, so there are restrictions on its lending, and on its dividend payouts. Rather, you’d be better served buying Punjab National Bank or State Bank of India at these levels.
Sandeep Joshi: I want to invest in Weizmann Forex with a three-year view. What are your opinions on the stock?
Amar Singh: I would suggest you invest when the stock is at 1,040-1,050 levels with a stop-loss below 960 and a target of 1,400-1,450 levels on the upside.
Akshay Joshi: I want to invest in India Glycols with a one-year view. What are your views?
Amar Singh: One can invest in the stock when it reaches Rs 400-410 levels with a stop-loss of Rs 380.
Gautam Bhararia: I want to invest in Kiri Industries with a short-term view. Should I invest at current levels?
Amar Singh: One can invest at Rs 460-465 levels with a stop-loss of Rs 390 and a target of Rs 615-620 on the upside.
Akshath Maheshwari: I bought 800 stocks of Jindal Saw at Rs 174 with a four-year view. What are your opinions on the stock?
TS Harihar: You can hold on to the stock with a one-year view and average out your purchase cost when it reaches levels of Rs 100.
Melwin Morris: I bought 200 shares of BSE at Rs 1,074. I have been holding since IPO, Should I average?
TS Harihar: We have always maintained that this stock was overvalued when it was listed, and some of that is visible in the stock price movement since then. We still believe that it is overvalued, so it is better to avoid it at these levels.
Analyst disclosures: both the analysts do not hold any stocks that were discussed today.
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