Traders work on the floor of the New York Stock Exchange. (Photographer: Michael Nagle/Bloomberg)

Should You Book Profit On PC Jeweller? What’s The Best IT Stock? AskBQ

#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.

In this episode, Amar Singh of Angel Broking and Parthiv Shah of Tracom Stock Brokers gave their views on L&T Infotech, Allcargo Logistics, South Indian Bank and many more.

Watch the full conversation here:

Here are the edited excerpts of the conversation:

Abhishek Chauhan: I bought 500 shares of L&T Infotech at Rs 690 apiece with a three-five year view. Should I add more, hold or sell?

Parthiv Shah: It’s better to hold on to the stock at this juncture. I would not recommend adding more at these levels.

Naveen Agarwal: I bought 50 shares of Allcargo Logistics at Rs 172 and 200 shares of Reliance Home Finance at Rs 66. Should I sell, hold or average?

Parthiv Shah: I’m not suggesting to add new, however, the investor can continue to hold Allcargo Logistics for the next two-three years at least.

I’m not so bullish on Reliance Home Finance. I recommend stocks like L&T Finance Holding, and AB Capital in the space.

Nikhil: I bought shares of PC Jeweller at Rs 180 and MCX at Rs 806 for a month’s time. What do you advise?

Amar Singh: MCX seems to be forming a bottom, so I would recommend holding on to the stock. However, the investor should book profits around Rs 900 levels.

As for PC Jeweller, it has been extremely volatile and bounced back significantly. So I recommend booking profits on half of the holding. The balance can be trailed at Rs 200 levels.

Abhishek Gupta: I heard that the monsoon will be good this time around. In lieu of that, can I start buying fertilizer stocks? If yes, can you suggest the best picks?

Parthiv Shah: Deepak Fertilisers is a fantastic bet in the space. We also like Coromandel International.

Rangarajan Balakrishnan: I bought Avadh Sugar & Energy at Rs 390 with a three-six months view. Please advise.

Amar Singh: The fall has been extremely sharp for the stock, however, selling at this point is not advisable. The investor can hold on and watch out for Rs 400-410 levels.

Bharani: Is it the right time to invest in South Indian Bank for three months?

Amar Singh: South Indian Bank charts reflect that downside to the bank is limited, so hold on with a stop loss of Rs 22.

Aadit Shah: Can you suggest some good IT stocks for a three-four year horizon? I already have TCS in my portfolio.

Parthiv Shah: L&T Infotech, Infosys, TCS, Majesco are our picks in the space.

Amar: I am holding CG power at Rs 82 apiece. I need a fundamental view on this stock with a six months’ view.

Amar Singh: The worst seems to be over for this stock, so I recommend holding on to the stock with a stop loss of Rs 75.

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Analysts’ disclosure: Both the analysts do not have any financial interests and do not hold any stocks discussed today.

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