Is It A Good Time To Buy Power Stocks?#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 of Yes Securities and Sharmila Joshi, an independent adviser, share their views on Balkrishna Tyres, Redington India, Yes Bank, Aurobindo Pharma, and TTK Prestige among others.
Girish Patil: At what level should I enter Sun Pharma, Aurobindo Pharma and Pfizer?
Sharmila: Yes, pharma is a sector I would recommend if you are a long-term investor. Reasons like falling rupee and better handling of U.S. FDA issues have factored in. Sun Pharma is my top pick, followed by Lupin and Aurobindo.
Rahul: I hold 190 shares of Yes Bank at Rs 350. Should I hold for long term or exit?
Sharmila: Yes as there is no concern on the parameters like revenue number.
Anand Mishra: Are there any liquor stocks I can bet on as we are heading into an election season?
Sharmila: I have no idea holding these elections helping the stocks. I would pick United Breweries is recovering to pre-GST and pre-demonetisation levels and highway-ban issue. They also have the highest market share in beer.
Viewer: Is it a right-time to enter into Delta Corp?
Aditya: The stock looks extremely attractive on the charts as it is on the verge of break out from consolidation. So once the stock breaks the Rs 275 level, it can shoot up to Rs 330-340. Keep a stop-loss at Rs 250.
Anup: What is your short-term view on BEL and BEML?
Aditya: It is not looking attractive on the charts. I’m expecting a further correction to Rs 700-level. I would currently recommend to avoid or book losses at Rs 775 level. As far as BEL, I would recommend hold and keep a stop-loss at Rs 90 and wait for a target of Rs 120-130.
Gaurav Patel: Is it a good time to accumulate in power stocks?
Sharmila: No as you are not seeing a resolution to the problem. But for me two stocks decent stocks are JSW Energy and Torrent Power.
Vivek Kanojia: I have been holding CDSL at Rs 312 for a long time. Can I add at current levels?
Aditya: I would advise him to average once the stock trades above Rs 270.
Karthik: Could you recommend a stock in specialty chemicals and textiles?
Sharmila: The pigment space is doing well off-late. Stocks I would suggest is Sudarshan Chemicals and Meghmani Organics. Aravind is my recommendation in the textile space.
Chalikani Sandhesh: I have purchased NCC at Rs 99. Should I hold or sell?
Aditya: I’m not too bullish on the sock. Keep a stop-loss of Rs 90 and recommend an exit once it bounces back to Rs 100-levels.
Thyagarajan: Can you recommend two stocks from JK Tyre, Balkrishna, Apollo Tyres and TVS, for one to two years?
Sharmila: I would recommend JK Tyre and Balkrishna. But keep track of rubber prices.
Dhiraj Agarwal: I have bought Shankara Building Products at Rs 1,850. What would you recommend for a long-term view?
Sharmila: You can continue to hold.
M Kumar: I hold 100 shares purchased at Rs 2,750. What should I do?
Aditya: I would advise him to exit and enter stocks like Ultratech or ACC as they look better on the charts.
Mayank Saraf: I bought TTK Prestige at Rs 4,400. Should I add more?
Sharmila: It is trading at premium valuation. I would recommend a hold but not accumulate from here.
Gaurav Jaggi: Will Talbros Auto, as a supplier benefit from Bajaj Auto’s expansion plans?
Sharmila: You can invest in the stock if your horizon is long term.
@aj777: I need a long-term view on Century Ply?
Sharmila: Yes as recovery is expected in the real-estate sector in the next couple of years.
Savan Patel: I have about 3000 shares of Aurobindo Pharma at Rs 768. What is your suggestion for a time horizon of 2-3 months?
Aditya: He should definitely hold. I’m expecting Rs 880 levels here.
CAPirate: Is Redington a good bet at current levels?
Aditya: I can keep a stop-loss at Rs 90 and expect levels of Rs 120-130.
Analyst disclosures: Both analysts don’t hold any stock that were discussed today.
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