Indian five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Which Housing Sector Stock Can Become A Multi-Bagger? #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, Aditya Agarwala, technical research analyst, Yes Securities Ltd.,and Sharmila Joshi, an independent investment adviser, give their views on Yes Bank, Cochin Shipyard, and housing finance stocks with a propensity to become a multi-bagger.

Watch the full conversation here:

Edited excerpts from the conversation:

Krishna: I have 500 shares of Jet Airways at Rs 400 apiece with a two-year view. What should I do?

Sharmila Joshi: I would suggest one to exit the stock and invest the money into another sector. One should avoid the aviation sector.

Gobind Vijay: Is there more downside for Rain Industries? I need a technical and fundamental view.

Aditya Agarwala: I expect the stock to see more corrections and I would recommend one to stay away from the stock at the current level.

Sharmila Joshi: I would recommend one to invest in India Cements instead. One should stay away from Rain industries at the current level.

Sagar Reddy: What is your long-term view on Yes Bank? Should I make a fresh entry now?

Sharmila Joshi: I would recommend one to hold on to the stock. For fresh entry, one should wait it out and see what happens.

Siva Kumar: Which is a good mid-cap finance stock in the housing finance space, with a propensity to culminate into a multi-bagger?

Sharmila Joshi:I would recommend one to invest in LIC Housing Finance.

Rangarajan: What is your technical view on Dabur India and TVS Electronics, with a six-month view?

Aditya Agarwala: TVS Electronics is a very volatile stock and I would recommend one to avoid this stock at the current level. I would recommend one to wait till the Dabur India stock reaches the Rs 460-465 level and then invest.

Karthik: What is the entry point and stop-loss for Cigniti Technologies?

Aditya Agarwala: If one is willing to take a risk, I would recommend one to buy the stock with a stop-loss of Rs 355, and a target of Rs 500 and higher.

Anand Mishra: What is your fundamental view on Asian Paints?

Sharmila Joshi: I am bullish on this stock and would recommend one to hold on to the stock. One can also buy shares of the stock if your holding period is long.

Bilal: I have 1,80,000 shares of Gammon India at Rs 10 apiece. What should I do?

Aditya Agarwala: This is a penny stock and it trades only on Mondays.  I would recommend one to exit this stock immediately.

Saran Gupta: I have 50 shares of Cochin Shipyard at Rs 438 apiece with a one-year view. Should I average at the current level?

Sharmila Joshi: I would recommend one to not add more shares in the stock. One should hold on to the stock, though.

Ujjwal Kumar: Can I enter United Phosphorous at the current level, with a time period of two months?

Aditya Agarwala :  I would recommend one to invest in this stock and go long on it.  One can buy the stock at the current level.

T. Shetty: I have Rs 510 strike price position in LIC Housing Finance September series with a premium of Rs 10.50 apiece. Should I continue to hold on to the stock?

Aditya Agarwala: I would recommend one to keep a stop-loss of Rs 530 and if the stock breaches this level, one should cut down their position.

Alex: Should I buy or sell Lumax Auto?

Aditya Agarwala: I would recommend one to buy the stock with a stop-loss of Rs 208.

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

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