A bell stands inside a stock exchange. (Photographer: Brent Lewin/Bloomberg)

Which Is The Best Private Bank To Start A Monthly 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, Sharmila Joshi, an independent investment advisor and Aditya Agarwala of Yes Securities, share their views on Bajaj Finance, Bharat Petroleum, Manappuram Finance, Relaxo Footwear, Pfizer, Tata Consultancy Services, among others.

Watch the full conversation here:

Arka Roy: I hold Bajaj Finance at Rs 2,250 and Godrej Consumer at Rs 1,335. I need a five-year outlook.

Sharmila: Both are good stocks. Though, the valuations are bit high, I recommend you to hold.

Ashok: Can I have six-month view on Akshar Chem, Jayant Agro, Lasa Supergenerics, Ganesh Benzoplast?

Aditya: Akshar Chem doesn’t look attractive on the charts and volumes are thin. I recommend fresh entry and advise a stop loss of RS 480 and a target of Rs 580.

Jayant Agro looks better than Akshar Chem. Keep a stop loss of Rs 220 and hold Rs 270-280 levels.

Lasa Supergenerics are Ganesh Benzoplast are complete avoid at current levels. They have corrected from their peak.

Vivek Kanujia: Can I invest on a systematic investment plan basis in RBL Bank for the next 10-15 years, an amount of Rs 10,000-15,000 per month?

Sharmila: I would suggest a set of private banks such as HDFC Bank and not only RBL Bank if this is your investment strategy.

Aditya: I would add Bandhan Bank and AU Small Finance Bank to the above-mentioned list.

Shivani: I purchased 2,500 shares of Bharat Petroleum at Rs 340 levels. Should I exit?

Aditya: She can hold with a stop-loss at her purchase price. The target level is Rs 368 to Rs 375.

Srinivasa Rao: Should I enter Jamna Auto and Manappuram Finance with a two-year perspective?

Sharmila: I would recommend Manappuram Finance and I would prefer Manappuram over Jamna Auto.

Girish Patil: Which is the good entry level for Pfizer for a six to 12 month investment period?

Aditya:  I would advise him to wait till the stock corrects to Rs 3,200-3,300 to enter.

Vinish Ramesh: Should I enter Tata Consultancy Services at current levels for long term?

Sharmila: I would certainly recommend a buy or a hold if already invested.

Aakash: Which is the best bet in the pharma space amid rupee depreciation tailwinds?

Sharmila: I would recommend Sun Pharma due to their portfolio and U.S. businesses.

Raja Krishnappa: I need views on Relaxo Footwear?

Aditya: The stock has outperformed. But would recommend him to wait for a correction till Rs 760 for an entry.

Sharmila: It is a decent stock. It is a hold for sure.

Smart Solutions: Can I enter HDFC Bank at Rs 2,000 levels?

Aditya; I’m expecting the stock to fall to Rs 1,960 levels.

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

Disclaimer: The commentary on BloombergQuint represents the view of external experts. Investors are advised to consult a certified financial advisor/planner when making any investments. No views shared on a BloombergQuint program or story or conversation should be construed as personal advice.

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