Where Should I Invest: Allcargo Logistics, Biocon, Voltas? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.
In this episode, Brijesh Singh, senior technical analyst at StockAxis and Sandeep Jain, director at Tradeswift Broking gave their views on AllCargo Logistics, Biocon GIC Re Rain Industries and much more.
Watch the full conversation:
Edited excepts from the conversation:
George: I want to invest in Allcargo Logistics with a long-term view. Is this the right time to invest?
Sandeep Jain: I recommend you to hold on to the stock if you have already invested.
Manam Warangal: I bought Biocon at Rs 673 with an intra-day point of view. Please suggest the stop-loss and exit price.
Brijesh Singh: I recommend you to keep a strict stop-loss of Rs 652.
Amol Sapkal: I want to invest in future group firms like Future Retail and Future Consumer with a 2-3 year view. Please suggest.
Sandeep Jain: I suggest you not to invest in these companies. I recommend you buy FMCG stocks like ITC.
Nikhil Gande: Is this the right time to buy Voltas and Jamna Auto?
Sandeep Jain: You can surely invest in Jamna Auto at current levels.
Arvind Mohan Gupta: I want to invest Rs 70,000 in the stock market. Please suggest some stocks.
Brijesh Singh: I suggest you buy Tech Mahindra with a stop-loss of Rs 670 and a target of Rs 745-750. You can also buy HPCL with a stop-loss of Rs 280 and a target of Rs 345-350 levels. The recommendations for both these stocks are with a six-month view.
Suresh Mathew: I bought 90 shares of Raymond at Rs 1,110 with a 3-6 month horizon, should I hold or exit?
Brijesh Singh: I suggest you accumulate more if the stock reaches 900-910 levels. Keep a stop-loss of Rs 870.
Facebook Viewer: What are your views on Aries Agro?
Sandeep Jain: I suggest you avoid if you want to make fresh investments. Hold on to the stock if you have already invested.
Sarabjeet Singh Siddhu: I bought Petronet LNG at Rs 220 and I wish to average more. Is this the right time to invest?
Brijesh Singh: I don’t recommend you to average more at present levels. If you still want to average, you can do it at Rs 205 levels with a stop-loss of Rs 195.
Demo Ville: I bought 20,000 shares of IDFC Bank at Rs 50 with a medium-term view. Can I average?
Sandeep Jain: I prefer IDFC and not IDFC Bank at current prices.
Mani Kanth: I bought 1,000 shares of Ruchi Soya with a one-month view. Please suggest.
Brijesh Singh: I suggest you exit the stock.
Harsh Kumar: Can I take a fresh position on Piramal Enterprises. Also, which is the best pick between GlaxoSmithKline Consumer Healthcare and Abbott India.
Sandeep Jain: One can buy Piramal Enterprises on Declines in a staggered manner. I prefer Sun Pharma and Syngene International over GlaxoSmithKline Consumer Healthcare.
Arjun Narayanan: I bought shares of GIC Re and Reliance Home Finance with a long-term view. Can I add more?
Sandeep Jain: I prefer stocks like ICICI Prudential Life Insurance.
Krunal Shah: I bought Rain Industries at Rs 354. What are your views on the stock? Also, What is your long-term view on Sanwaria Consumer?
Brijesh Singh: Rain Industries could face more pressure if the stock does not trade above Rs 285. For Sanwaria Consumer the break-even point could be Rs 16.50.
Analysts’ disclosure: Both the analysts do not have any financial interests and do not hold any stocks discussed today.
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