How Strong Is Your Investment Portfolio? #ASKBQ
#AskBQ | Expert advice on IT stocks, infra space and much more.
#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.
In today’s episode, Brijesh Singh, senior technical analyst at StockAxis and Sandeep Jain. Director at Tradeswift broking gave their views on IT stocks, the infrastructure space and much more.
Watch the full conversation here:
Here are the edited excerpts of the interaction:
Anu Jeeva: I want to invest in Godrej Agrovet with a long-term view. Is this the right time to invest?
Sandeep Jain: I suggest you wait for some time. You buy the stock at Rs 620-625 levels with a target of Rs 800.
Shivam Singh: I bought 50 shares of PC Jewellers at Rs 365. Shall I wait for about three months or book my losses?
Brijesh Singh: I suggest you hold on to the stock with a stop-loss of Rs 285 and a target of Rs 345. Besides, Titan is another stock I like in the sector. You can buy Titan with a stop-loss at Rs 900-910 and a target of Rs 1,100. I would expect the stock to touch those levels in six months.
Sreenath Prasad: I bought 1,500 shares of BEL at Rs 130 with a one-year view. Should I hold or sell?
Sandeep Jain: I’d advise holding on to the stock.
Abhishek Gupta: Is there any stock that can be bought like a SIP? Are you bullish on any stock with a 5-10 year view?
Sandeep Jain: I prefer Syngene, IPCA Labs and RCF.
Shivani Dhanuka: Can I buy Tata Steel at current levels? What should be my target and time frame?
Brijesh Singh: Enter the stock at around Rs 590 levels with a stop-loss at Rs 575 and a target of Rs 630 if you have a short-term view. If you have a long-term view, keep a stop-loss of Rs 550 and a target of Rs 700 with a 10-month horizon.
Ankit Shastri: I bought shares of Capacite Infra at Rs 410 with a long-term view. Should I hold, add or exit?
Sandeep Jain: I suggest you hold on to the stock. Having said that, I prefer Mahindra Life Spaces and Ashiana Housing.
Vimal Kumar: What are your views on Jet Airways?
Sandeep Jain: I prefer SpiceJet over both Jet Airways and Indigo.
Akash Randev: I hold 500 shares of DHFL at Rs 520. Should I hold or sell? What should be my target and Time Frame?
Brijesh Singh: I suggest you hold on to the stock. You can book profit at Rs 575 levels.
Aadit Shah: Can you suggest some good mid-cap I.T. stocks with a three-year horizon?
Sandeep Jain: Tata Elexi can be a good bet. Firstsource is another good stock to invest in. One can enter Firstsource at Rs 40-50 levels. Mindtree, TCS and HCL Tech are among others that would be good bets in the IT space.
Sunil Chahal: I bought 400 shares of HUDCO at Rs 79. Should I hold on to long-term or switch to another counter at higher levels?
Brijesh Singh: I suggest you hold on to the stock. You can book losses at Rs 75-76. Neither the long-term nor the short-term chart looks positive. There would be a pressure till the stock reaches the Rs 85 level.
Among other stocks that you can consider there is Federal Bank, where one can keep a stop-loss of Rs 92 and a target of Rs 105-108 for a short-term and Rs 125 as a medium-term target. In IT, you can buy NIIT Tech at Rs 865 levels, with a stop-loss of Rs 930 and a target of Rs 910-915.
Akash Agarwal: Between Maruti Suzuki India, M&M and Tata Motors, which one should I choose with a long-term view?
Sandeep Jain: I prefer Tata Motors - DVR, because the stock has seen selling pressure and seems to have bottomed out. So, there is a limited downside from current levels.
Sumit Rugani: I bought shares of PPAP Automotive at Rs 650 with a 3-4 year view, and I have been accumulating since last three months. Need a fundamental view on the stock.
Sandeep Jain: I suggest you to hold on and not to accumulate further.
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Analysts’ disclosure Both the analysts do not have any financial interests and do not hold any stocks discussed today.
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