Which Are Top Three Stocks Resistant To Rupee Fall, Rising Oil Prices? #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, Kunal Rambhia of The Streets and Sandeep Jain of Tradeswift broking share their views on Ashok Leyland, ITC, Britannia Industries, JK Cement and Bandhan Bank among others.
Watch the full conversation here:
Shailendra Singh: I hold 560 shares of Edelweiss at Rs 269 per share and 300 shares of Ashok Leyland at Rs 138. I need a view for seven to 10 year investing horizon.
Sandeep: Edelweiss is a good hold at current levels. He need not worry about corrections. Ashok Leyland is also a good stock to invest as there is an uptick in demand for commercial vehicles.
Karthik: I hold 1,000 shaeres of IOL Chemicals at Rs 125 per share. Can I have both short and long-term views?
Kunal: Hold on to the stock with a stop-loss of Rs 100 and expect the price level to reach RS 155.
Sandeep: I don’t track this stock.
Ronak Gupta: I need a fundamental view on Kellton Tech. My time horizon is five to eight years.
Sandeep: I’m not confident on recommending this stock. They can opt for other stocks like TCS in large caps, Firstsource Solutions in mid caps.
Lakshmi Adithya: I’m holding 90 shares of Tata Global Beverages at Rs 165. Should I hold on?
Kunal: I would definitely recommend a hold if your investment horizon is a couple of months. Average out once the stock reaches Rs 235 and keep a target of Rs 285-290.
Anup Sahoo: I need a long-term view on JK Cement.
Sandeep: It is a decent buy. But I would recommend Ultratech or Dalmia Bharat for a fresh entry. And, it is advisable to buy on declining.
Srinivasan: I need a long-term view on IndusInd Bank. I hold 50 shares at Rs 2,000.
Sandeep: There are lot of positives with the company and one should wait for more corrections to accumulate.
Python: I bought 3,000 shares of Max Financials at Rs 132.5. Should I hold or book profits?
Kunal: Rs 520 is the resistance level for the stock. I would recommend a stocp-loss at Rs 420 and recommend adding or trading once the Rs 520 mark is breached. And the target should be Rs 650 in that case.
Girish Patil: Can you suggest three stocks which are insulated to declining rupee and rising oil prices?
Sandeep: I have been recommending IT stocks, pharma and rural consumption stocks. They are a bit immune. Mansanto is a good pick in the chemical space. ABB, Gillette India are under-performing MNC stocks. And, Natco Pharma and RCF are also good buys. Reliance Industries and ITC are also recommended.
Rangarajan Balakrishnan: I need a view on Bandhan Bank which I have purchased at Rs 650 levels.
Kunal: There may be further downfall till Rs 580-585 levels which should be the stop-loss.
Vivek Kanujia: Which is better, RBL or Kotak Mahindra Bank for 10- to 15-year systematic investment?
Sandeep: It is a tough question. He should equally split and invest after both after there is correction in the stocks.
Omprakash Singh: I hold 75 shares of Britannia Industries at Rs 6810. What should I do for a five year investment period.
Sandeep: Britannia is a good stock to hold but I would recommend ITC for a fresh entry as it runs on a better price earnings multiples. It has given better returns and its diversified business.
Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.
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