Bajaj Auto Or Hero MotoCorp? RBL Bank Or Karnataka Bank? #AskBQ
Stock market advice on BPCL, SAIL, Ashok Leyland, and many more.
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#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.
On Wednesday’s episode, Sameet Chavan of Angel Broking and Astha Jain of Hem Securities gave their views on BPCL, SAIL, Ashok Leyland, and many more.
Watch the full conversation here:
Edited excerpts from the conversation:
Rishabh Tiwari: I bought 500 shares of BPCL at Rs 300 apiece with a long-term view. What should I do?
Astha Jain: I recommend you to hold on with a short-term target of Rs 500.
Ravi Nambiar: I bought 1,000 shares of SAIL at Rs 98 apiece with a six-month view. Should I hold or sell?
Sameet Chavan: I recommend you to hold on to the stock with a medium-term view but exit on any bounce in case of a short-term view. Rs 64 is a level to watch out for.
Charanjit Singh: Which one between Hero MotoCorp and Bajaj Auto is a better bet with a three-year view?
Astha Jain: I prefer the auto sector on the whole with Bajaj Auto as my top pick.
Abhishek Gupta: I want to invest in GNFC with a long-term view. Please advise.
Astha Jain: I recommend the investor to look at Gujarat Alkalies instead in the same space.
Bhabhani Shankar Behera: I bought shares of Ashok Leyland at Rs 149 and Voltas at Rs 640 with a three to six-month view. Please advise.
Sameet Chavan: I recommend you to keep a strict stop loss of below Rs 138 and book profit near Rs 165 to Rs 170 levels.
Voltas: I recommend you to hold with a medium-term horizon. If the stock reaches Rs 670 to 680 levels, it will be the time to exit.
Hariom Panchal: I want to invest in Abbott India with a long-term view. Please advise.
Astha Jain: I recommend you to buy on the dips. A level to watch out for is Rs 5,400.
Shyam: I bought 3,000 shares of Dena Bank at Rs 25 with a two-year view.
Astha Jain: I recommend you to go for chemical stocks for a two-year horizon and recover your losses in Dena Bank. In the chemical space, Meghmani Organics looks very positive.
Hardev Singh: I bought 50 shares of HEG at Rs 2,900 with a one-month view. What should I do?
Sameet Chavan: I would recommend the investor to hold on to the stock, with a strict stop loss of Rs 2,650 on a closing basis.
Shikhar Saluja: I bought 500 shares of Aster DM Healthcare at Rs 190 apiece, holding since the time of the IPO. Should I hold or sell?
Astha Jain: I recommend the investor to hold the stock for at least two years.
Shiva Sindhu: I invested in Avanti Feeds and Idea Cellular when they were at all-time highs. However, the market has corrected significantly since. What should I do?
Astha Jain: I suggest the investor to hold Avanti Feeds for some time. However, I do not recommend holding Idea since the telecom sector is not lucrative at the moment.
Akash Randev: What should be my target for Ceat with a two-month view?
Sameet Chavan: The first target to watch out for will be Rs 1,630. After that, the investor can exit at around Rs 1,700 levels.
Devendra Jain: Is it the right time to invest in Bharat Financial and UPL with a short-term view?
Sameet Chavan: For Bharat Financial, I would recommend the investor to wait for a breakout to happen at around Rs 1,075. With a near-term view, the investor can avoid UPL for now.
Harshavardhan: Which stock should I bet on in the infrastructure and cement space with a five-year view?
Astha Jain: Shree Cements is our top pick in the cement sector. We are not too bullish on the infrastructure space for now.
Kartavya Sharma: Is it the right time to invest in Canfin Homes and Alembic Pharma with a one-year-view?
Astha Jain: I would recommend investing in Alembic Pharma with the target of Rs 80.
Gaurav Godiyal: I bought 200 shares of RBL Bank at Rs 518 with a two-year view. Should I add more of wait for some correction?
Sameet Chavan: The investor can hold on to RBL Bank. However, if he’s looking to add more, he can do so In Karnataka Bank.
Bineesh MV: I bought 1,000 shares of Aditya Birla Money at Rs 61. What should I do?
Astha Jain: If the investor has a long-term view, only then should he remain invested. Else, he should exit.
Analyst disclosures: Both the analysts do not hold any stocks that were discussed today.
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