Is L&T’s First-Ever Buyback Offer A Good Opportunity For Investors? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equity market.
In today’s episode Ashish Kelkar, chief executive officer and master trainer, Kiran Jadhav & Associates, and Parthiv Shah, director, TRACOM Stock Brokers Pvt. Ltd., share their views on L&T, Federal Bank, Sterlite Tech, and in Suven Lifescience.
Watch the full video here:
Edited Excerpts From The Conversation:
Rangarajan Balakrishnan: I bought Federal Bank at Rs 126 apiece. What strategy should I stick to? Also, does it make sense to enter Petronet LNG at the current level?
Ashish Kelkar: I would recommend one to hold on to the Federal Bank stock with a stop-loss of Rs 79.80 on a closing basis.
One can buy the Petronet LNG stock at the current level with a stop-loss of Rs 222.
Pratik Patil: What is your fundamental view on NCC?
Parthiv Shah: This stock look good and I am bullish on it for the next two years.
Nikhil: What is your technical view on Cadila Healthcare?
Ashish Kelkar: I am skeptical about this stock. Till the stock is below the Rs 386 level, one should not buy the stock. The first target should be Rs 410, with a stop-loss of Rs 375. One should refrain from making a fresh entry at the current level.
Gunasekaran: Can I invest in Equitas Holdings and Godrej Properties with a five-year view?
Parthiv Shah: For Equitas Holding, it would be advisable to hold on to the stock.
Godrej Properties is one of the nest stocks in the real-estate space. One can invest or hold on to this stock with a long-term view.
Puneet: I have 5,000 shares of GMR Infra. Will the GMR Airport IPO help me in any way?
Parthiv Shah: If the Airport vertical gets listed, one should invest in it.
Udeeksh Sood: What is your view on JSW Steel? I have 500 shares of the stock at Rs 290 apiece. Should I keep holding?
Ashish Kelkar: I would recommend one to have a proper breakout on the chart. One should continue to hold on to the stock with a stop-loss of Rs 310.
Alex: At what level should I consider investing in Ester Industries?
Ashish Kelkar: I would recommend one to abstain from a fresh entry into this stock at the current level. One may continue to hold on to the stock with a stop-loss of Rs 47 on a closing basis.
Salman Khan: What is your view on L&T, with the buyback talks in perspective?
Parthiv Shah: This is a good stock with very good return prospects owing to their policies and ventures.
Vijay: I have 500 shares of Srikalahasti Pipes at Rs 331 apiece. Should I hold or book losses?
Parthiv Shah: It is better if one invests in Tata Metalliks. I would recommend one to exit this stock and invest the money elsewhere.
Bharath: What is your technical view on Granules with a short-term perspective?
Ashish Kelkar: I would recommend one to hold on to the stock with a stop-loss of Rs 103.
Sudarshan: What is your view on TVS Motor with a long-term view?
Parthiv Shah: At the current point, I would recommend one to consider Bajaj Auto.
Arvind B: I wish to start systematic investment plans in Suven Lifesciences and Petronet LNG. Are these two good or would you recommend something else?
Parthiv Shah: Suven is a good stock to park your SIPs. I would recommend one to have SIPs in Reliance Industries over Petronet LNG.
Maitreyee: I need a five-year view on Sterlite Tech.
Parthiv Shah: The demand and scale of this company is very positive and ever-expanding. The valuation seems fine with a five-year view and one can continue to hold on to the stock.
Harshavardhan: What is your technical view on Dilip Buildcon?
Ashish Kelkar: I would recommend on to hold on to the stock till it is at the Rs 820 level.
The experts may have recommended some of the stocks discussed in the show to their clients.
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