Adani Ports, Sintex Industries, Biocon: Hold, Buy Or Sell? #AskBQ
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.
On Thursday’s episode, Jay Thakkar of Anand Rathi and Avinash Gorakshakar of Joindre Capital Services gave their views on Adani Ports, Sintex Industries, Biocon and more.
Watch the full conversation here:
Edited excerpts from the conversation:
D N Singh: I bought 1,000 shares of USL at Rs 3,195 three months back with a long-term view(two-year time horizon). Should I hold or sell?
Avinash Gorakshakar: With a two year view, the investor should hold on. In the next two years you might see a positive risk-reward but in the short term there could be a little volatility.
Soundar M: I bought 6,500 shares of Mehmani Organics at Rs 63 with a short-term view. Should I hold or sell?
Jay Thakkar: I recommend you to keep a stop loss of Rs 83 on a closing basis. if that holds, the stock may bounce back to the levels of Rs 94.
Akash: I have 150 shares of AU Small Finance bought at Rs 640 apiece. I have a long-term view. Should I hold or sell?
Avinash Gorakshakar: In the next two years, there might be some kind of margin pressure in the short term but you should hold on as overall the business is growing and the asset quality is stable. Keep an 18 to 24-month view.
Akshat Maheshwari: I bought 1,000 shares of Man Infra at Rs 74 with a four-year view. What should I do?
Avinash Gorakshakar: Pending projects could start contributing. Keeping a financial year 2020 perspective, one should hold on to the stock.
Sumit Radhani: I bought shares of HOEC at Rs 91 and Buke Hospitality at Rs 186 with a three-year view. Please advise.
Jay Thakkar: I recommend you to hold don till Rs 150 levels are broken.
Manu M: I bought 600 shares of Lasa Supergenerics at Rs 104 with a long-term view. Please advice.
Avinash Gorakshakar: In the next six to 12 months, there might occur some volatility but with a two-year horizon, one can hold on.
Kaushal Singh: I want to invest in Adani Ports with a short-term view. Please advise.
Jay Thakkar: One should not buy at these levels as more correction may come by.
Anshu: I want to invest In Vakrangee with a two-year view. Please suggest.
Avinash Gorakshakar: It’s better to stay away because it gives no secular trend. management quality has taken a big hit.
Melwyn Monis: I bought 16 shares of Gic Re at rs 912 with a long-term view. Should I add more at current levels?
Jay Thakkar: In case of any fresh investment in the market, suggest you to buy into IT stocks. Companies you can look at are Tech Mahindra and Persisten Systems.
Prashant Dattatray: I bought 2,000 shares of Sintex Industries at Rs 19.5 with a long-term view. Should I hold or sell?
Avinash Gorakshakar: If you have a two-year view, only then can you hold on.
Satya Subhash: I want to invest in Greaves Cotton with a two-year view. Please advise.
Avinash Gorakshakar: At current levels, the stock can give a descent risk reward ratio. Although with a 12 to 18 month view, one can definitely hold on.
Ankit Mishra: I bought 500 shares of Can Fin Homes at ₹ 493. Should I hold or sell?
Jay Thakkar: If an investor is in the money right now, it is advisable to book profit. You can enter fresh at levels of Rs 555.
Aadit Shah: I have 250 shares of Biocon with average purchase price of Rs 570. Should I continue purchasing at current levels and accumulate some more? I have a horizon of 3 years.
Avinash Gorakshakar: If the investor has a long term horizon, he should use the current price to accumulate gradually over the next two to three months. Keep a two-year view.
Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.
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