What Are The Best Value Picks For Long-Term Investment? #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 of The Streets, and Sandeep Jain, director of Tradeswift Broking give their views on Tata Motors, Asian Paints, L&T, and many more stocks.
Watch the full conversation here:
Edited excerpts from the conversation:
Bhavesh Jain: Is it the right time to invest in Indian Toners and Developers?
Sandeep Jain: At these levels, the company does offer a good risk reward ratio. The investor can certainly take a chance by holding it and buying on dips as well.
Kunal Rambhia: One can carry the position with a stop loss of Rs 190, and expect it to reach Rs 275-280 levels soon.
Arnab Bhattacharya: Is it the right time to buy Asian Paints, HUL, L&T and M&M with a 10-15 year view?
Sandeep Jain: All are great, marquee names, and with a time frame of 10-15 years, it’s a no brainer. But still I feel that the investor can replace M&M and switch to Reliance Industries, which might give better returns than M&M.
Krish: I bought Allcargo Logistics at Rs 145 and BLS International at Rs 170. At what price can I average with an eight-month view?
Kunal Rambhia: I would recommend the investor to hold on to Allcargo Logistics with a stop loss of Rs 115. As of BLS International, one can exit at a suitable time. Once can invest in DLF instead.
Imran Mohammad: What is your view on Vijaya Bank and ICICI Bank with a two-three year horizon?
Sandeep Jain: The investor can continue holding Vijaya Bank, however he can book some profits in the case of ICICI Bank, or even buy on declines.
Rangarajan Balakrishnan: Should I invest in one shot in Tata Motors, Ashok Leyland or Hero MotoCorp or should I consider investing via a systematic investment plan instead?
Kunal Rambhia: From an SIP point of view, I would definitely recommend Tata Motors in a big way.
Saurav Kumar: I bought GNA Axles at an average price of Rs 460. Should I add more with a long-term view?
Sandeep Jain: The investor can hold on to the shares and once it corrects to Rs 325 levels, he can certainly average then.
Harshavardhan: Please suggest five stocks that be traded for two-three trading strategies?
Kunal Rambhia: DLF, Tata Motors, DHFL, and Adani Power.
Amir Kedia: I want to invest Rs 5 lakh over the next five-six years. Please recommend. Also, can Bajaj Auto be bought at current levels?
Sandeep Jain: I will not include Bajaj Auto in my list. However, I would recommend Hero MotoCorp. CDSL, Gujarat Pipavav, Bajaj Corp, Reliance Industries and RCF would be good stocks to consider.
Kartik Mahadevan: Can I enter Force Motors at current levels?
Kunal Rambhia: The stock is forming fantastic bottom formation. The stock has the potential to reach Rs 4,500 mark above Rs 3,000. So I am expecting 50 percent returns once the trigger comes in.
Sreedhar: Can you give a view on Mphasis?
Sandeep Jain: I think the investor can hold on to the shares.
Savan Patel: I am holding Kotak Mahindra Bank and Escorts. Should I hold or add more at current levels?
Kunal Rambhia: Kotak Mahindra Bank has shown fantastic recovery in the last three days, I am expecting Rs 1,350 levels soon on the charts. So the investor can hold on with a stop loss of Rs 1,250.
The investor can also hold on to Escorts with a stop loss of Rs 880.
Swaroop Chavan: I am holding BEL from the price of Rs 113. Should I continue to hold for a year more?
Sandeep Jain: It is certainly a great bet, so the investor can continue to hold on to it, and can add at current levels too.
Analyst disclosures: Kunal Rambhia might hold the stocks that were discussed today. Sandeep Jain has no financial interests involved in any pick whatsoever.
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