Should You Hold On To L&T? #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, Dyaneshwar Padwal, AVP, technical analyst, KIFS Securities, and Astha Jain, senior research analyst, Hem Securities Ltd., give their views on L&T, Nifty 50, IndiaBulls Ventures and much more.
Watch the full conversation here:
Edited excerpts from the conversation:
Satya Subhash: Should I make fresh entry into Titagarh Wagons for six months?
Dnyaneshwar: Yes, one can make an entry at the current level and the stop-loss could be Rs 82. The risk-reward ratio at the current market level is great.
Ankit Agarwal: What is your view on L&T Ltd. ?
Astha Jain: The company is fundamentally strong, and one should hold the stock with a one-year time period.
Sandeep: I bought shares of Dr. Reddys’ at Rs 2317 apiece. Should I hold or book profit?
Astha Jain: I would recommend one to hold on to the Dr.Reddy’s stock. Currently, the pharmaceutical sector is doing good.
Ram Hegde: What is your view on Asian Paints’ September Future. I bought the stock at Rs 1,426 apiece. What should I do?
Dnyaneshwar: I would recommend one to keep a stop loss at Rs 1,385 and hold on to the stock.
Brahmananda Sahoo: What is your long term view on Pennar Engineering Ltd. ?
Astha Jain: The company has posted losses. I would recommend one to exit the stock and invest in other mid-cap stocks like Exide Industries
Anshul Tyagi: What is your view on L&T Finance?
Dnyaneshwar: With an initial stop-loss of Rs 180, one could invest with a long-term view.
Alex: Which stocks would you recommend for a two-three month investment?
Dnyaneshwar: I would recommend one to invest in Tech Mahindra, with a long-term view.
Amit Kedia: Should I make a fresh entry in Punjab National Bank?
Astha Jain: I would recommend one to invest in HDFC Bank, and IndusInd Bank, instead of a fresh entry. Go with a private sector bank instead of public sector bank.
Ramaya P: What is your view on Federal Bank? I have 800 shares of the stock at Rs 110 apiece.
Astha Jain: I would recommend one to hold on to the Federal Bank stock, with a one-year view.
Sivakumar K: What is your view on Uflex Ltd, with long- and short-term view?
Astha Jain: The stock is weak due to poor earnings. I would recommend one to exit the stock and invest in other stocks.
Vineesh Ramesh: I have 160 shares of Indostar Capital Finance at Rs 531 apiece. What is your long-term and short-term view on the stock?
Dnyaneshwar: I would suggest one to hold on to the stock with a stop-loss of Rs 450.
Astha Jain: With a long-term perspective, I would recommend one to hold on to the stock. Exit the stock if your time horizon is short-term.
Suhail Bhat: What is your view on Vakrangee?
Dnyaneshwar: I would recommend one to not make investments in this stock and exit it.
Sandesh Kamble: I have 1,300 shares of Indiabulls Venture at Rs 13 apiece in 2011. I have recovered six-times my invested capital and I have booked partial profits. What should I do?
Astha Jain: I would recommend one to hold on to the stock.
Vishnu Gupta: I have bought 300 shares of South Indian Bank at Rs 25 apiece. I can hold for six more months. What should I do?
Dnyaneshwar: One can average their holding in the stock when it reaches the Rs 14 level.
Alex: Is the HDFC Life a good stock at the current level?
Astha Jain: I would recommend one to hold on to the stock. One should not make a fresh investments in the stock.
Navneet: What is your technical view on HUDCO?
Dnyaneshwar: I would recommend one to not make a long-term investment in this stock. One can make a fresh entry at the Rs 65 level.
Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.
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