Men watch the electronic stock ticker at the Bombay Stock Exhange (BSE) in Mumbai, India. (Photographer: Adeel Halim/Bloomberg News)

Buy, Hold Or Sell: Avanti Feeds, Bank Nifty, Dwarikesh Sugar? #AskBQ 

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

In this episode, Sameet Chavan of Angel Broking and G Chokkalingam of Equinomics Research & Advisory Pvt. Ltd. gave their views on Avanti Feeds, Bank Nifty, Dwarikesh Sugar and more.

Watch the full conversation:

Edited excepts from the conversation:

Sanjeev Agarwal: I bought 3,000 shares of JK Lkashmi Cement at Rs 380 with a long-term perspective. What should I do?

Chokkalingam: I recommend you to hold or average around Rs 300.

Raman Singh: ​Is it advisable to buy Sterlite tech and Indian Hotel at current levels?

Sameet Chavan: I recommend you to avoid Sterlite Tech at current levels and go long at Rs 230-235 levels.

For Indian Hotels, wait for a dip towards Rs 120-125 and then go long.

Nikhil: Is it the right time to enter Voltas?

Sameet Chavan: Current levels are good to enter and go long in a staggered manner.

PS Krishnan: I need a short term view on Engineers India and Bharti Infratel.

Sameet Chavan: I would recommend you to wait for some reversal around Rs 136, then one can keep a stop loss of Rs 126 for Engineers India.
I would recommend you to avoid Bharti Infratel and wait for some trend reversal.

Vishvesh Iyer: What are your long-term views, 10 or more years, on Rain Industry and Dilip Buildcon? Is it the right time to buy or average?

Chokkalingam: I do not recommend a fresh ‘buy’ for the two stocks and sell on rebound.

Amar: I want to buy Everest industries with 6-8 months view. Please provide your fundamental view on the stock.

Chokkalingam: I recommend you to start buying at current levels for a long term perspective.

Vamsi Vithala​: Is it the right time to average on Avanti feeds? I have 25 shares at 2400.

Sameet Chavan: There could be a possibility of some relief rally towards Rs 1,900 or Rs 2,000 and if you have a medium- to long-term view it is not the right time to average this stock.

Karthik: I shorted Biocon at Rs 610. Please suggest.

Sameet Chavan: I recommend you to keep a strict stop loss of Rs 618 and if the stock comes back to Rs 580-585, cover your short.

Gagan Sharma: I am holding 70 shares of HDFC Bank at Rs 2,070 and 30 shares of Maruti Suzuki at Rs 8,700 with a five-year view.

Chokkalingam: I recommend you to hold both the stocks during you time frame and expect 15 percent returns from both these stocks.

Rahul: I have 1,000 shares of Greaves Cotton at Rs 140. Should I book losses or hold?

Sameet Chavan: I recommend you to exit if the stock bounces back o Rs 133 levels and there is some selling pressure. If the stock extends past Rs 133, you may see a decent up-move towards Rs 144-146.

Amiya Mudgal: I bought Dixon Tech at Rs 3,679. Should I buy more on dips?

Chokkalingam: I don’t recommend you to hold the stock due to potential risks.

Karthik SP: I want a view on Bank of India.

Sameet Chavan: On the lower side around Rs 125 levels the investor can go long with a strict stop loss below this level, and on the higher side book out your long around Rs 148 to 150 levels.

Sumit: What is your view on Bank Nifty’s weekly expiry due tomorrow?

Sameet Chavan: The index could see a decent correction if it touches levels of Rs 25,980. Hence ones with a long term view should keep a stop loss below that level.

Also, if Bank Nifty surpasses levels of Rs 26,350 one could see extension of relief rally towrads Rs 26,500-26,600.

Gopi Krishna: I am holding 5,500 shares of Dwarikesh Sugars at Rs 55 for a long term view, next 5 to 10 years. Please advise.

Chokkalingam: I do not recommend you to hold commodity-based business for such a long term. I recommend you to hold for two years as it is expected to bounce back.

Analysts’ disclosure:

  • Sameet Chavan: Does not have any financial interests and does not hold any stocks discussed today.
  • G Chokkalingam: Clients may have financial interests in stocks discussed today.

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