What’s The Best Bet In Affordable Housing Space? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.
In this episode, Amar Singh of Angel Broking and Parthiv Shah of Tracom Stock Broking gave their views on Uflex, Hindalco, Meghmani Organics and many more.
Watch the show here:
Here are the edited excerpts of the conversation:
Vivek Kanojia: I am hold 30 shares of Uflex at Rs 391 and want to keep adding and hold on for the next 10 years. Is it advisable?
Parthiv Shah: The investor needs to review his position every six months in case he is buying the stock. I’m not negative on the stock for over a year, and thus one can look at going long on the stock.
Raaga: I want to know your view on Finolex Cables from a long-term perspective ?
Parthiv Shah: I’m bullish on the counter. One can look at entering the stock if it corrects by another 5-7 percent and hold on to the stock for the next 2-3 years.
Deep Joshi: Where do you see Hindalco over the next six months ?
Amar Singh: The investor should look at booking profits at Rs 240-245 levels.
Krish: I bought Meghmani Organics at Rs 92. At what price can I average for the long term?
Parthiv Shah: The investor can hold on to current positions. Would not recommend averaging at current levels.
Adit Shah: Is it a good time to buy Datamatics Global Services. If not, then can you suggest few other names in the IT pack?
Parthiv Shah: Recommend buying L&T Technologies and Cyient from a long-term perspective.
Anantha: I have 25 shares of Cholamandalam, bought at Rs 1631. What will be your advice on the stock from a short-term perspective ?
Amar Singh: I advise holding on to your positions at current levels with a stop loss below Rs 1,580. If the stock consistently trades above Rs 1,650, then it could move higher towards Rs 1,675-1,680 levels.
SD Bhise: I bought 800 shares of ONGC at Rs 193. Should I buy or sell the stock at current levels?
Parthiv Shah: Would recommending holding on to the stock at current levels. Would not advise averaging currently.
Ramesh M: I bought 400 shares of Rico Auto at Rs 80. Want a one year view on the stock.
Parthiv Shah: I recommend switching to Sandahar Technologies in the auto and auto ancillary space.
Venkatesh: What kind of targets can I expect on Quess Corp. over the next three months?
Amar Singh: The investor can watch out for levels of Rs 1,150-1,160 on the upside with a stop loss below Rs 1,050. If Rs 1,150-1,160 levels are broken, then the stock could head towards Rs 1,250.
Melwin: Can I enter Ambuja Cement at current levels for the next one to two years?
Parthiv Shah: We are more bullish on midcap cement space especially Heidelberg Cement. Heidelberg Cement can be a better performer compared to Ambuja Cements.
Ravi Shankar: I bought 150 shares of Bhansali Engineering at Rs 205 with a short-term perspective of around six months.
Amar Singh: I advise holding on to the position at current levels with a stop loss of Rs 140 as long term trend for the stock remains positive. Rs 165-166 is a key resistance level for the stock and if those levels are taken out, stock could trade higher.
Dinesh Pawar: I want to invest in Bharat Forge and Motherson Sumi from a one to two year time frame. Should I invest in these stocks or wait for more correction?
Parthiv Shah: Bharat Forge a preferred pick among the two stocks as its trading at attractive levels post the recent correction.
Mohit Gawade: What will be your picks in the affordable housing finance space?
Parthiv Shah: HDFC Ltd. is one of the safest names in the affordable housing finance space.
Analysts’ disclosure: Both the analysts do not have any financial interests and do not hold any stocks discussed today.
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