Should you buy shares of Bharti Airtel Ltd. at the current market price? Have you lost the opportunity to buy stocks of IndusInd Bank Ltd.? Is Swiggy Ltd. a good choice from a long-term perspective? Should you sell shares of Life Insurance Corp. at the current market price?
Lancelot D'Cunha, chief investment officer at Value X Wealth Connect, and Gaurav Sharma, head of equity research at Globe Capital, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bharti Airtel (CMP: Rs 1,824.5)
Sharma: Hold
Should hold on to the position for one to two months.
If any adverse position occurs due to results or other factors, where the stock slips towards Rs 1,700 levels, one should also consider adding if spare funds are left.
Possible to reach Rs 1,900 levels in three to four months.
Axis Bank (CMP: Rs 1,193.6)
Sharma: Hold
Stay invested, good levels for the stock.
See it heading towards Rs 1,250-1,300 zone in the next two to four months.
KFin Technologies (CMP: Rs 1,047.80 )
D'Cunha: Sell
Margins will be under pressure as volume grows.
Better to be invested in a profitable business although the growth is lower in percentage.
Despite huge revenue growth, it is difficult to see similar profit growth.
Technology changes will make investments in space a lot more difficult.
Better to stay away from the business, better to book profits if holding.
LIC (CMP: Rs 826.4)
Sharma: Hold
Currently in the recovery phase, some more upside is quite possible.
Good room for reasonable upmove towards Rs 950 to Rs 1,000 levels in a month or two.
Better to hold on as of now.
IndusInd Bank (CMP: Rs 770.10)
Sharma: Avoid
The stock is not out of the woods yet.
Lot of volatility here.
Don't really think that it is a good time to look at it from a trading perspective.
Avoid this stock and look at HDFC, ICICI, Kotak and Axis Bank from the private sector banking space.
Aether Industries (CMP: Rs 765.75)
D'Cunha: Buy On Dips
Contract research manufacturing space growing.
Pharma companies outsource, contract research manufacturing and take over overseas when it builds to scale.
Firm follows the same model.
Business model looks good but a lot of capital expenditure up front.
Due to the state of the global market in specialty chemicals, lots of unknown surprises may come in.
Would not suggest one should invest now.
Wait for a dip in the stock price when it reaches reasonable valuations.
Tata Technologies (CMP: Rs 704.5)
D'Cunha: Avoid
Expensive valuation for an IT company.
Growth does not justify the additional premium that is being paid.
Will take a while for valuations to become reasonable and then one can invest from a long term perspective.
From a short and medium-term perspective, one cannot expect immediate returns.
Sharma: Sell
Charts are very negative.
Stoploss point is Rs 640.
Should consider exiting and booking profit at Rs 740-750 zone.
Swiggy (CMP: Rs 310.55)
D'Cunha: Avoid
The Instamart business is seeing insane competitive intensity.
Everyone is attacking that space because they see a greater market.
To dominate that market, these companies will have to deploy a large amount of cash.
Swiggy's ability to do so is in question.
Profit in the near term difficult to see, may happen in three-four years.
For a listed company to raise this kind of long-term capital becomes difficult.
Without cash, the business will struggle.
Not yet an investment case.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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