What Is The Right Time To Buy Hitachi, ITC, Bata India? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.
In today’s episode, Brijesh Singh of StockAxis and Sandeep Jain of Tradeswift Broking gave their views on Bata India, ITC and Voltas, among others.
Watch the show here:
Edited Excerpts from the conversation:
Ragha: What is the long-term view on Johnson Controls—Hitachi Air Conditioning India? At what levels one can enter?
Brijesh Singh: You can buy at Rs 2,150-2,250 levels if you have not invested yet. However, I do not recommend this stock since the risk reward ratio is not in favour.
Nikhil: What is the technical view for short term on Voltas and Airtel?
Brijesh Singh: For Voltas, keep a strict stop-loss at Rs 500 if you have a short-term view. Keep a stop-loss of Rs 420 if you have a one-year view.
For Bharti Airtel, Rs 365 is the support for short term and Rs 405 is the resistance level.
Siva Kumar: What is the best level to enter ITC with a 10-year view?
Sandeep Jain: One can enter the stock at Rs 250-255 levels.
Ramesh M: I need a short-term view on Bata India.
Brijesh Singh: I suggest you to hold on with a stop-loss of Rs 750 for six months if you have invested.
Harish Bale: I need a long-term view on Dwarikesh Sugar and Vedanta.
Sandeep Jain: There is no great downside for Vedanta; one can hold it till Rs 205 levels.
Since it’s a commodity stock for Dwarikesh, I’ll caution about having a long-term view of 10 years. The stock may increase in the next two-and-a-half years.
Punatic: I bought more than 1,000 shares of Philips Carbon Black at Rs 95 per share a year-ago. Should I sell at current levels and switch to Ashok Leyland?
Sandeep Jain: I suggest you to hold on to Philips Carbon Black at current levels. One can buy Ashok Leyland at around Rs 115-120.
Ravi Shankar J: I bought 150 shares of Kirloskar Oil Engines at Rs 310. Should I hold from a long-term perspective ?
Brijesh Singh: One can accumulate the stock in dips with a stop-loss of Rs 250.
Surya: I bought AB Capital at Rs 220 with a five-year view. Can it give 20 percent returns over the next five years or should I stay away from the stock?
Sandeep Jain: One can expect 15-20 percent return. I would not suggest you to average at current levels and stay invested in the company.
Sunil Chahal: Is Repco Home Finance a better bet from a long-term perspective in the home finance space?
Sandeep Jain: I recommend you to hold on to the stock at current levels if you have invested. You can also invest further at Rs 500-510 levels.
Analysts’ disclosure: Both the analysts do not have any financial interests and do not hold any stocks discussed today.
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