Should you add shares of IDBI Bank Ltd. Should you hold shares of Kaynes Technology India Ltd. at the current market price? Have you lost the chance to buy Happiest Minds Technologies Ltd. stock at an attractive price?
Saurabh Jain, Assistant Vice President – Research (Retail Equities) at SMC Global Securities Ltd., Sachin Janardan Sarvade, AVP Derivatives and Retail Research at IDBI Capital Markets, and Ajit Mishra, SVP-Research, Religare Broking provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
IDBI Bank Ltd. (CMP: Rs 76.31)
Saurabh: Sell
- Wait for a bounce bank.
- People are hoping that fortune will change after disinvestment.
- Stock not best of the lot in the category.
- Can reinvest in PSU banks in staggered manner.
Happiest Minds Technologies Ltd. (CMP: Rs 377.90)
Saurabh: Sell
- Guidance improvement has taken the stock higher.
- In last many quarters, the stock has underperformed.
- IT sectors in serious problems, even the bigger players.
- Lots of volatility in the company
Teamlease Services Ltd. (CMP: Rs 1,102.50)
Sachin: Sell
- Stock is on downtrend making lower-high, lower-low pattern.
- Currently, in oversold territory.
- Bounces are relatively shallow
Kaynes Technology India Ltd. (CMP: Rs 3,540.30)
Sachin: Hold with a strict stop loss
- Stock is continuously making lower-high, lower-low pattern.
- The lower low pattern has potential to continue.
- Stock can go to lower levels till Rs 3,200.
- Cab hold with a strict stop loss of Rs 3,294
Life Insurance Corporation of India (CMP: Rs 777.00)
Ajit: Wait and watch
- Avoid for short-term but can buy for long-term.
- Possibility of re-testing is high in short-term.
- If view is 3-6 months, start accumulating.
Rapid Fire With Saurabh Jain, Sachin Janardan Sarvade, And Ajit Mishra
- IDFC First - Sell
- Apollo Hospitals - Hold
- Punjab and Sindh Bank - Sell
- ITC - Sell
- IRFC - Sell
- Indian Hotels - Hold
- Exide - Sell
- M&M - Hold
- IndusInd Bank- Hold
- Swiggy - Take money off the table
- Billionbrains Garage - Sell
- GE shipping - Hold
- Ashok Leyland - Buy
- Eternal - Avoid
- Vikram Solar - Avoid
- HAL - Hold
- Astral - Hold
- Bajaj Housing - Hold
- Interglobe - Sell
- RIL - Buy
- Tata Comm - Sell
- NTPC - Hold
- ONGC - Hold, stop loss at Rs 255
- NSDL - Avoid
- Moschip Technologies - Avoid
- Suprajit Engineering - Hold
- Tata Motors CV - Buy
- Belrise Industries - Sell
- Dixon Technologies - Sell
- TCS - Hold
- Som Distilleries and Breweries Ltd. - Avoid
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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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