Should you add shares of HDFC Bank Ltd.? Should you hold shares of Asian Paints Ltd. at the current market price? Have you lost the chance to buy Indian Oil Corporation Ltd. stock at an attractive price? Should you sell shares of Punjab National Bank?
G Chokkalingam, Founder, Equinomics Research Pvt Ltd. and Somil Mehta, Head Alternate Research, Mirae Asset Sharekhan provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
HDFC Bank Ltd. (CMP: 781.00)
Somil: Buy
- Downtrend in last couple of months.
- Sharp decline but crucial support at Rs 750-720 levels.
- Revisit stock once it bases out those levels.
- Long-term structure still remains positive.
- Buy on declines at lower levels.
Chokkalingam: Buy
- Not concerned about what happened in the last two days.
- RBI is monitoring all big banks.
- Bank used trade at more than 4 times book value long ago.
- 10-15 upside is very possible in short-term.
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Tata Power Company Ltd. (CMP: Rs 402.60)
Chokkalingam: Hold
- Business has aggressively approach in expanding renewable energy.
- Lot of capacity expansion lined-up.
- Meaningful return in the one year.
- If stock falls, 3-5%, the can consider buying.
Indian Oil Corporation Ltd. (IOC) (CMP: 145.09)
Somil: Avoid Buying
- Stay away from this stock at this point.
- View is bearish on this stock.
- Expecting stock to go down at Rs 135 levels.
Asian Paints Ltd. (CMP: Rs 2,204.80)
Chokkalingam: Wait and watch
- Not continue to buy.
- Spike in oil price will hit its performance in Q1 (June) due to inventory.
- Will buy paints only after June results.
Punjab National Bank (CMP: Rs 111.55)
Chokkalingam: Buy
- Fundamentally good stock in my view.
- Trading at slightly adjusted count to its book value.
- Net NPA has come down a lot. CASA is also high.
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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