#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.
In this episode, Sandeep Jain of Tradeswift Broking and Ashish Kelkar of Kiran Jadhav and Associates gave their views on HDFC, HDFC Bank, GVK Power & Infrastructure, and Motilal Oswal Financial Services among others.
Watch the full conversation here:
Here are the edited excerpts of the conversation:
Aadit Shah: Is it good time to buy Va Tech Wabag with a horizon of two years?
Sandeep Jain: Ion Exchange is a better pick than VA Tech Wabag in that space.
Dheeraj Aggrawal: I have 1,200 shares of Delta Corp bought at Rs 273 and I have been holding for the last three months. What should I do if my view is for 18 months?
Sandeep Jain: Those who have invested in already should hold on. Those who want to enter should wait for a correction to around Rs 180 to Rs 200 levels.
Anant Murthy: What are the prospects for HDFC Bank? Can I buy at current levels?
Sandeep Jain: Any correction can be used as an opportunity to enter into the HDFC twins.
Anantha Venkatesh: Is this the right time to look at Bajaj Finance, Quess Corp and Dilip Buildcon?
Sandeep Jain: Bajaj Finance is the HDFC Bank of NBFCs, hence I recommend you to buy on declines. I am not very bullish on the infrastructure space and Dilip Buildcon. Other picks include: RCF, First Source Solutions and NIIT.
Harsha Vardhan: I have around Rs 5 lakh to invest in the markets for 2-3 years. Please suggest stocks that can give good returns.
Sandeep Jain: I recommend you to invest in Edelweiss as it is growing at a fast pace. State Bank of India can be bought on declines. ITC is also a good pick as it is successfully trying to reduce it’s non-cigarette volumes. Other picks include RCF, NIIT and Firstsource Solutions.
What is your call on Motilal Oswal?
Sandeep Jain: I recommend you to stay invested and for fresh buys, enter at Rs 800 level.
Abhishek Rai: I bought 15,000 shares of Tata Motors at Rs 400 with a long-term view. What do you suggest?
Sandeep Jain: I recommend you to take recourse to options as the stock will take time to recover and it may go down to Rs 250 levels too. I suggest you to contact your adviser or broker.
Akshay: I am holding 1,000 shares of Jet Airways at Rs 560 with a six to seven month-view. Should I hold or sell?
Ashish Kelkar: This is not the right time to average. Wait for more correction to Rs 350 levels.
What is your view on Jubilant FoodWorks?
Ashish Kelkar: I recommend you to hold on with a stop loss of Rs 2,530. For fresh entry, current levels wait for Rs 2,640.
Gourav Gupta: Please give a long-term view on GVK Power. I bought the stock at Rs 20.50.
Sandeep Jain: I recommend you to hold on as the stock has corrected a lot and try to exit at a bounce.
Ramesh: I want to invest in the cement space with a long-term view. Please advise.
Sandeep Jain: If you are a long-term investor, UltraTech Cement is a good large-cap pick from this sector as they have crossed 100 million tonne in the capacity. Kakatiya Cement will be a good pick from the small cap space.
Analysts’ disclosure: Both the analysts do not have any financial interests and do not hold any stocks discussed today.
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