A cashier counts Indian one hundred-rupee banknotes at an Oriental Bank of Commerce branch in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Which Banking Stocks Are Good 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, Ashish Kelkar, CEO and master trainer, Kiran Jadhav & Associates, and Vikas Sethi, managing director, Sethi Finmart Pvt. Ltd, give their views on HDFC Bank, HPCL, Adani Enterprises, and which bank stock is a good investment.

Watch the full conversation here:

Edited excerpts from the conversation:

Ridhish Shah: What is your six-month view on PNB Gilts?

Kiran Jadhav: I would request one to hold on to the stock with a stop-loss of Rs 30. One should not make a fresh investment in this stock.

T.Shetty: What are the levels one can expect from Nifty Bank today, since it is the last trading day of the August series?

Kiran Jadhav: If one is invested in this index with a long-term perspective, I would recommend them to keep a stop-loss of Rs 28,040.

Abdul Hakim: I have 150 shares of HPCL at Rs 275 apiece. Should I add more, with a long-term perspective or hold on?

Vikas Sethi: One should not add more shares to this stock and I would recommend one to hold on to the stock. You can exit the stock when the prices are approachable, and invest the money in another stock.

Vivek Kanojia: Is it the right time to invest in RBL Bank, with a long-term perspective?

Vikas Sethi:I would recommend one to hold on to the stock and monitor the stock for a while. I am bullish on this stock.

Uday Kumar: I have shares of Ashok Leyland with a six-month view. What should I do?

Ashish Kelkar: I would recommend one to hold on to the stock with a stop-loss of Rs 125 on a closing basis.

Anand Mishra: Can one make fresh entries into the HDFC Bank stock? Can I hold on to the stock for the next two-three years?

Ashish Kelkar: One can invest at the current level. The long-term charts look lucrative and one can hold on to the stock, too.

Saran Gupta: At the current level, is DB Corp a good stock to invest with a long-term perspective?

Vikas Sethi: I would recommend one to stay away from this stock and avoid any investment in this stock.

Vimal Kumar: What is your short-term view on Adani Enterprises?

Ashish Kelkar: I would recommend one to make a fresh entry into the stock with a stop-loss of Rs 219.

T. Shetty: With a long-term perspective, in which banking stocks should I invest in?

Vikas Sethi: There is a possibility that a few banks may be merged. One can look at small-sized public sector banks like Andhra Bank, UCO Bank, Vijaya Bank, and Allahabad Bank, depending on the news and rallies.

I am bullish about State Bank of India, Punjab National Bank, and Bank of Baroda. The recovery process will continue and improve the asset quality.

Melwyn: Is this a good time to enter Jain Irrigation?

Vikas Sethi: I would recommend one to invest in this stock. It is a good opportunity for long-term investors to accumulate.

Anand Mishra: What is a good level to enter the HDFC Bank, with a long-term view?

Ashish Kelkar: I would recommend one to start accumulating the shares from now till it reaches the Rs 4,000 level and hold on to for the next two-three years.

A Sadhwekar: I need a three-five month view on NBCC which I bought at Rs 90 apiece.

Ashish Kelkar: If the stock breaches the Rs 76 level, the investor may expect some relief in his investment. I would recommend one to hold on to the stock with a stop-loss of Rs 67.

V Raman: I have 200 shares of RITES at Rs 197 apiece, and 25 shares of HDFC Life at Rs 449 apiece. What should I do?

Vikas Sethi: I would recommend one to hold on to the RITES stock since I expect it to perform well.

I am bullish about the investment sector in the long-run. One can add more shares to their holding in the HDFC Life stock and continue to hold on to the stock.

S. Rajashankar: I have 400 shares of Vimta Labs. With a long-term perspective, what should I do?

Ashish Kelkar: i would recommend one to hold on to the stock with a stop-loss of Rs 262. One can also buy the stock at the current level with a similar stop-loss.

A. Kasturi: I started investing Rs. 30,000 as a monthly systematic investment plan spread evenly, among five companies: Asian paints, HDFC Bank, HUL, L&T and M&M. Should I make any changes to my portfolio?

Vikas Sethi: The stocks are well chosen and one should continue to invest in them for the next three-five years. I would recommend one to add Reliance Industries and ITC in their portfolio.

Sagar Reddy: Should I book profit on my shares in the J Kumar Infra stock?

Ashish Kelkar: One can buy shares in the stock at the current level with a stop-loss of Rs 252. One should continue to hold on to the stock.

Alex: What is your view on Rupa & Company with a five year view?

Vikas Sethi: One can continue to hold on to the stock for the next four-five years.

Ujjwal Kumar: Can I enter Reliance Industries at the current level with a six-month view?

Ashish Kelkar:I would recommend one to wait for the corrections to pass and invest in the stock at Rs 1,220 level.

Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.

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