- BSE shares recommended to hold for 1.5 years despite taxation pressures
- Central Depository Services advised to sell with potential drop to Rs 1,000
- Cyient shares suggested to hold with targets of Rs 1,400 and Rs 1,600
Should you hold shares of Raymond Lifestyle Ltd.? Should you add shares of BSE at the current market price? Have you lost the chance to buy shares of Central Depository Services (India) Ltd. at an attractive price? Is it the right time to exit Canara Bank?
Girish Sodani, co-founder of Ensure Capitas, and Kunal Kamble, a technical research analyst with Bonanza Portfolio, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Swati Hotkar, associate vice president of technical research at Nirmal Bang, and Astha Jain, senior research analyst at Hem Securities Ltd, also provided their insights.
BSE (CMP: Rs 2,368.7)
Sodani: Hold
No negative points on any fundamental term.
Counters under pressure due to taxation.
Have patience on this counter.
Hold for one-and-a-half-year time frame.
Central Depository Services India (CMP: Rs 1,541.7)
Kamble: Sell
Showing negativeness on a monthly time frame.
Might see the stock slip to Rs 1,300 levels as well as Rs 1,000 levels.
Avoid the stock and go into other sectors.
Cyient (CMP: Rs 1,170.8)
Hotkar: Hold
Hold on to this particular counter.
Retest has been completed.
Selling pressure likely to cool down.
Hold long position of initial target of Rs 1,400 and beyond that level Rs 1,600 can be seen.
Average it out when you see dips to Rs 1,130.
Raymond Lifestyle (CMP: Rs 1,059.8)
Kamble: Avoid
Currently trend is negative.
Might see some selling.
Strong support at Rs 900 levels.
Better not to invest in this category.
Steel Authority of India (CMP: Rs 122.19)
Hotkar: Hold
The view is positive, witnessing a strong momentum rally.
Suggest to hold on to a long position.
Has potential to reach Rs 132 on short term and Rs 145 on long term.
Keep stop loss of Rs 118.
Canara Bank (CMP: Rs 109.55)
Sodani/Kamble: Buy And Hold
Seems very positive for two to three years.
Profit growth numbers were more than 50%, good dividend payouts.
Quarter numbers under pressure for next two to three quarters due to loan books and CASA books.
Add and hold.
Suzlon Energy (CMP: Rs 63.13)
Kamble: Avoid
Stock is going to be pressurised for the next few weeks.
Avoid this particular counter at these particular levels.
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.