Stocks To Bet On From A Medium-Term Perspective? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choices in the equity market.
In today’s episode, Amar Singh, head-advisory of Angel Broking, and Parthiv Shah, director of business development at TRACOM Stock Brokers, share their views on TCNS Clothing Co Ltd., Escorts Ltd., Dr. Reddys Laboratories Ltd. and HDFC Asset Management Company Ltd., among other scrips.
Watch the full conversation here:
Nitesh: I’m holding 150 shares of TCNS Clothing Co Ltd. at Rs 643. What is your fundamental view for the long term?
Parthiv: The IPO was certainly very expensively placed, after which it hasn’t done much. I would suggest a stock like Arvind Ltd., which due to de-mergers can result in a lot of unlocked value.
Sandhya: What is the entry point for Escorts Ltd. with a time-frame of one year?
Amar: Looking at the way Escorts Ltd. has been correcting, this would not be a good level to enter. Any pullback to Rs 700-725 is a good level to buy.
Vijay: Which are four stock recommendations with a short-term perspective of three months for 10 percent return?
Amar: He can look at Mindtree Ltd. He can look at Rs 1,120 and have a target of Rs 1,200. Tata Steel Ltd. is another stock. Any pull back towards Rs 610 is a buying opportunity. Have a stop-loss of Rs 590 and target of Rs 660.
Shashank Tripati: I hold 25 shares each of Lupin Ltd. and Sun Pharmaceutical Industries Ltd. at Rs 850 and Rs 545 respectively. Should I exit and invest in Eris Life Sciences Ltd. for three years?
Parthiv: I would not suggest an exit and switch as Eris is more expensive. I believe FY 2020 should be a fantastic year for these stocks. Good days are ahead for these stocks.
Girish Patil: Is it too late to invest in Dr. Reddys Laboratories Ltd. and Torrent Pharma Ltd. for long term view?
Parthiv: Torrent is more into exports to third-world countries. Cross currency pressure could play a dampener moving ahead. I wouldn’t suggest Torrent at (its) current levels.
A five to 10 percent correction in Dr. Reddys Labs is a fantastic entry point.
Purushottam Sharma: I hold 1,000 shares of Yes Bank Ltd. at Rs 330 levels. What should I do?
Amar: He should hold on. He should have a stop-loss below Rs 308 levels and if the stock consistently trades around Rs 320-325 levels, then he can expect an upside rally towards Rs 340 levels.
Thyagarajan: Is it a good time to enter into V-Guard Industries Ltd. and Gandhi Special Tubes Ltd. for long term?
Parthiv: I prefer APL Apollo Tubes Ltd. Though, V-Guard has corrected from its peak, its a good stock to hold for three to five years.
Subash: What is your view on Dwarikesh Sugar Industries Ltd. for the next six months?
Amar: For the long-term trend, Rs 34-35 should be his target.
Aayush Jain: I have bought 3,000 shares of BSE Ltd. at Rs 720 levels. Should I hold or book profits?
Amar: He should raise the stop-loss to Rs 740 and expect a rally towards Rs 790.
Imran: What would you choose from Rashtriya Chemicals & Fertilizers Ltd., National Aluminium Company Ltd. and HDFC Asset Management Company Ltd. for the long term?
Parthiv: I would go for HDFC AMC due to clean business model and great growth potential.
Mani: I hold HDFC Asset Management Company Ltd.at Rs 1,705. Should I average now?
Amar: Stock is extremely bearish and negative from short-term perspective. I would advise him to wait for some time.
Rangarajan Balakrishnan: Which one would you suggest between Bharat Electronics Ltd. and Bharat Heavy Electricals Ltd. for three to six months?
Amar: BEL has corrected significantly and is extremely bearish. In BHEL, there are signs of a trend change, and hence, it’s preferable. Any pullback to Rs 70-72 per share is good. And, it can go to Rs 95-100 in the medium term.
Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.
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