Buy, Sell Or Hold: ITC, Nestle, Yes Bank, Power Grid, Coal India, Bharat Electronics — Ask Profit

Should you buy shares of Power Grid Corp. at the current price? Is Nestle India Ltd. a good choice from a long-term perspective? Should you keep holding Kalyan Jewellers India Ltd., and is it the right time to exit and book profit?

Lancelot D Cunha, chief investment officer at Valuex Connect LLP, and Kushal Gandhi, technical analyst from StockBox Technologies Pvt., answered these investor queries and more on NDTV Profit's Ask Profit show.

Gandhi: Sell

• Stock trading at lower high-price structure, which is indicative of bearish conditions.

• Negative view on it.

• If one wants to be invested in private banks, HDFC Bank and ICICI Bank are the counters to look forward to.

Cunha: Hold

• Continue to hold, add at lower levels.

• Despite business slowdown in industry, the firm's diverse product range may spur demand growth.

• Hold for long-term perspective.

Gandhi: Hold

• Hold for a strict stop-loss of around Rs 663.

• Price structure looks good, wait for the Rs 780 levels to be taken out.

• Once that is done, expecting a positive trajectory towards Rs 820–830-odd levels.

Gandhi: Hold

• Hold it at a very tight stop-loss near Rs 55.

• Stock may start to move up once it closes around Rs 60 levels.

• Once that is done, there is an expectation of a target of around Rs 68 followed by Rs 72.

Cunha: Hold

• One can continue to hold Central Depository Services (India)'s stock.

• Caution against buying, stock is currently trading at 65 times its runnings.

• May see a steep correction if there is any change in fundamental factors.

Cunha: Buy

• Has significant runway ahead in terms of a good order book.

• Opportunity to export its missile guidance systems.

• Good opportunity to accumulate the stock.

Cunha: Hold for long term

• One of the lower-valued fast-moving consumer good players.

• Cigarette business has always been a challenge due to the government hiking excise duties.

• Might see further unlocking from a long term perspective based on divestment of businesses.

• Wait for decline and keep adding on declines

Cunha: Buy

• Very strong position with a good business outlook.

• Establishing facilities to overcome the hurdle of lack of storage and transport facilities for renewable energy.

• Once can look at accumulating at current levels.

Gandhi: Selling Pressure May Sustain

• Negative outlook on the stock from a short-term point of view.

• Losing its relative strength compared to the general market, below key moving averages.

• Selling pressure may sustain for a while longer.

Gandhi: Avoid

• Looks bearish, below key moving averages.

• Selling pressure may continue.