#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.
In today’s conversation, we have Aditya Agarwala, technical research analyst at YES Securities and Dharmesh Kant, independent market expert, giving their views on Tata Motors, Tata Steel, Zee Entertainment, Cadila healthcare, Tech Mahindra, Pidilite Industries and more.
Watch the full conversation here:
Edited excerpts from the conversation:
Sarabjeet Sidhu: I bought 2,850 shares of JTEKT India Ltd. at Rs 106.5 apiece with a long-term view. What is your view on the stock?
Dharmesh Kant: You can hold the stock with a three-five year long-term view since you have already bought the stock but companies such as Bosch and Bharat Forge might be a better bet in the auto ancillaries business.
Ravi Shankar: I bought Tata Elxsi at Rs 1,050 with a six-month view. Should I hold On to the stock?
Aditya Agarwala: You should hold on to the stock an raise your stop loss to Rs 1,260. Look for a target of Rs 1,350-1,400 in the short term.
Rivek Kanojia: I had bough Sintex Industries at Rs 22.65 per share and intend to hold it for five years. Should I keep the stock?
Dharmesh Kant: You should avoid the stock in its present circumstances. Take a hit and exit the investment. Would suggest other more direct construction players such as Ahluwalia Contracts (India), Dilip Buildcon and Ashoka Buildcon.
Yash Baroti: I have Tata Motors’shares that I bought at Rs 403.31, Tata Steel shares that I bought at Rs 638.18, and Zee Entertainment shares that I bought at Rs 582.95. I can hold them for one-two years. What is your view on the stocks?
Dharmesh Kant: Hold Tata Motors with target of Rs 650. I would suggest booking out of Tata Steel and entering JSW Steel or SAIL. Zee Entertainment can be held on to with a long-term view.
Prasenjeet Chowdhary: Is this the right time to enter Tech Mahindra?
Aditya Agarwala: I would suggest waiting for the levels of Rs 675-670 and we expect a correction soon.
Nikhil: What is your technical view on Cadila Healthcare?
Aditya Agarwala: If you already hold the stock and are sitting on a profit, it would be a good time to book your profits. If you are looking to make an investment, you should enter at a price of Rs 408-410 after which the uptrend should extend to Rs 445 per share.
Piyush Pradeep Sarode: I have Jamna Auto Industries and Pidilite Industires with a four-year view. Should I hold on to the stocks?
Dharmesh Kant: You should hold on to both the stocks as they are multi-baggers if kept with a four-six year view.
Manam: I bought Lupin at Rs 908.6 for intra-day trade. What is your view on the stock?
Aditya Agarwala: Can book profits at current level for an intra-day trade.
Vishvesh Iyer: I bought Ajanta Pharma at Rs 1,040. Should I hold on to it?
Aditya Agarwala: Hold the stock with a target of Rs 1,150-1,175. There is more room for upside.