Should you add shares of HDFC Bank Ltd.? Should you hold shares of National Aluminium Co Ltd. (NALCO) at the current market price? Have you lost the chance to buy Canara Bank Ltd. at an attractive price? Should you hold shares of Shriram Finance Ltd.?
Saurabh Jain, Equity Head, Research, SMC Global Securities, Kunal Rambhia, Fund Manager & Trading Strategist, The Street, and Kunal Rambhia, Fund Manager & Trading Strategist, The Street provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
HDFC Bank Ltd. (CMP: Rs 743.05)
Saurabh: Sell
- Better to let go of stocks.
- Maybe investors are not privy to some issues.
- ICICI Banks looks more promising in private sector bank space.
National Aluminium Co Ltd (CMP: Rs 388.70)
Ajit: Book partial profits.
- Metals like Nalco have done exceptionally well.
- NALCO's decline is nominal during the corrective phase.
- Partial profit booking can be considered.
- Maintain a trading stop at Rs 340 which is recent base.
Shriram Finance Ltd. (CMP: Rs 876.10)
Saurabh: Hold
- Broader market correction bringing stocks down.
- Stock has done a recent deal and outlook for 3-5 years look optimistic.
- Stick with investment for 5 years.
Lodha Developers Ltd. (CMP: Rs 678.00)
Kunal: Avoid buying
- Linear decline in the stock.
- Stock has come down from Rs 1100 to Rs 680 with no respite from last month.
- Wait for consolidation and think of initiating a buy.
Tata Technologies Ltd. (CMP: Rs 516.45)
Saurabh: Sell
- Negative view on IT Tech sector.
- Tata Tech has seriously disappointed in last many quarters.
- Stock is languishing since months.
ALSO READ: Five Stocks To Buy, March 30: Emcure Pharma, ONGC, Ather Energy, And More
Jio Financial Services Ltd. (CMP: Rs 226)
Ajit: Wait and watch
- Don't average down if the view is short-term.
- Decline may further extend.
- Wait and let the stock stabilise. Rs 220 should be stop loss.
Sundaram Finance Ltd. (CMP: Rs 4,459.50)
Kunal: Avoid buying
- Stock is sideways consolidating since January.
- Stock has had massive correction from Rs 5,600 to Rs 4,400.
- Initiate buy if stock consolidates near present level.
- Watch out for Rs 4,300 as strong support.
Rapid Fire With Saurabh Jain, Kunal Rambhia and Ajit Mishra
- Indian Railway Catering & Tourism Corporation Ltd. (IRCTC) - Avoid
- Bharat Heavy Electricals Ltd. - Hold
- PCBL Chemical Ltd. - Avoid
- Hindustan Copper Ltd. - Hold with stop loss
- Suzlon Energy Ltd. Consolidation phase, Support is Rs 39 - Buy
- Sammaan Capital Ltd. - Hold
- Bank of Maharashtra Ltd. - Hold
- State Bank of India - Buy
- Canara Bank Ltd. - Buy
- Indian Railway Finance Corp Ltd. - Sell
- Tata Motors Commercial Vehicles - Avoid
- Dixon Technologies (India) Ltd. - Hold
- Aditya Birla Fashion and Retail Ltd. - Hold
- Max Healthcare Institute Ltd. - Buy
- MTAR Technologies Ltd. - Avoid
- Colgate-Palmolive Co - Hold
- Edelweiss Financial Services Ltd. - Buy only above Rs 110
- DLF Ltd. - Sell
- Interarch Building Solutions Ltd. - Avoid
- Time Technoplast Ltd. - Avoid
- Force Motors Ltd.- Buy
- ACC Ltd. - Hold
- Fiem Industries Ltd. - Hold
- Larsen and Toubro Ltd. - Avoid
- IDFC First Bank Ltd. - Avoid
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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