Should You Stay Invested In Tata Steel? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.
In today’s episode, Kunal Rambhia, founder and fund manager at The Streets, and Sandeep Jain, director at Tradeswift Broking, gave their views on DLF, MRF, L&T, HCC and much more.
Watch the full conversation here:
Edited excerpts from the conversation:
Nikhil: I bought shares of Royal Orchid at Rs 210 in April with a six-month view. Please suggest.
Kunal Rambhia: I suggest you hold the stock with a stop-loss at Rs 130.
M Kumar: I bought 400 shares of Tata Steel at Rs 633. Should I average at current levels?
Sandeep Jain: I suggest you bet on other sectors instead of averaging the stock.
Rahul Bangera: I bought 275 shares of L&T at Rs 1,325. Should I hold or sell?
Kunal Rambhia: If you wish to hold the stock, keep a stop-loss at Rs 1,300.
Sandeep Kumar: What levels can be monitored for DLF this week?
Kunal Rambhia: One can accumulate at Rs 202 with a stop-loss at Rs 190. I expect the stock to reach around Rs 245.
Rajesh Gowda: What are the new entry levels for Nocil?
Kunal Rambhia: I expect the stock to touch around Rs 290.
Tyagarajan Shanmugam: I bought shares of Shreeleathers and Precision Wires at lower levels from the current market price. Please suggest.
Kunal Rambhia: One can accumulate at Rs 250 levels. I suggest you exit Precision Wires when it reaches Rs 270 levels.
Harshavardhan: Please provide a fundamental and technical view on Parag Milk Foods and MRF.
Sandeep Jain: I prefer Balkrishna Industries and TV Srichakra in the tyre industry. I suggest you hold both the stocks rather than buying at these levels. One can buy at declines.
Kunal Rambhia: One can hold MRF with a stop-loss at Rs 73,000.
Raj: I bought 3,800 shares of TV18 Broadcast at Rs 51. I need a technical view.
Kunal Rambhia: one can trail stop-loss around Rs 52 when the stock reaches Rs 56.
Udheek Sood: Is this the right time to invest in HCC for the next two years?
Sandeep Jain: I prefer L&T in infrastucture segment.
Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.
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