Should you add shares of Bajaj Housing Finance Ltd.? Should you hold shares of Hero MotoCorp Ltd. at the current market price? Have you lost the chance to buy Hero MotoCorp Ltd. stock at an attractive price? Should you sell shares of Vishal Mega Mart Ltd.?
Avinash Gorakshakar, founder of Avinashmentor.com and Jatin Gedia, vice president - technical research at Teji Mandi Investment Technologies, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bajaj Housing Finance (CMP: Rs 86.37)
Gorakshakar: Hold
- Can definitely hold on.
- Business update has been very strong.
- Management has been very upbeat.
- Give it some time.
- Stay invested for another 12-15 months.
ICICI Prudential Life Insurance Company (CMP: Rs )
Gedia: Buy/Sell/Hold
- Like this stock the best in the life insurance space.
- Clear-cut trend reversal for the stock.
- Is a good buy at current levels.
- Stoploss placed at Rs 475.
- Target at Rs 560.
Hero MotoCorp (CMP: Rs 4,898)
Gorakshakar: Buy
- Largely present on the rural market side.
- With a good monsoon, second quarter should be reasonably good.
- Should definitely buy in a staggered manner.
- It's a compounder, 15-16% returns should be considered good for the investor.
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Vishal Mega Mart (CMP: Rs 112.46)
Gorakshakar: Hold
- Should hold on to the shares.
- Promoters have exited the stock by giving open offers for a very long time.
- If that stops then the stock should get re-rated.
IDBI Bank (CMP: Rs 85.54)
Gorakshakar: Buy
- At these levels, there is no downside for IDBI.
- Hopefully if Fairfax takes over the bank, there will be significant amount of re-rating.
- Key point would be when this event happens, been waiting for a very long time.
Godfrey Phillips (CMP: Rs 2,121.60)
Gorakshakar: Wait And Watch
- Better to wait for some time at these levels.
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