Should you add shares of Jio Financial Services Ltd.? Should you hold shares of Bharat Heavy Electricals Ltd. at the current market price? Have you lost the chance to buy State Bank of India's stock at an attractive price?
Lancelot D'Cunha, chief information officer of ValueX Wealth Connect LLP, and Akshay Bhagwat, senior vice president of JM Financial, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Jio Financial Services (CMP: Rs 237.15)
D'Cunha:Sell
- Fourth quarter numbers were encouraging, but profit was stagnant.
- Stock is rather expensive.
- Going forward, slow growth quarters would lead to re-rating.
- Book profits, wait for price to correct and add at reasonable valuation.
Bharat Heavy Electricals (CMP: Rs 325.63)
D'Cunha: Sell
- Risen in line with most of the stocks engaged in defence services.
- Paying a lot more for growth than you can see in near term.
- Avoid or book profits at this level.
ALSO READ: Jio Financial Q4 Results: Net Profit Declines 14%; Total Income Rises
SBI (CMP: Rs 1,107.85)
D'Cunha: Hold
- Significant growth from digital space.
- Helped improve various operating parameters like cost-to-income ratio.
- Significant growth ahead in near future.
- Hold on to the stock.
Bharat Electronics (CMP: Rs 457.55)
Bhagwat: Hold
- Hold the stock.
- Support at Rs 450 levels.
- Target zone at Rs 480-Rs 490.
Asian Paints (CMP: Rs 2,516.80)
D'Cunha: Buy
- One can average out to some extent at this level.
Exide Industries (CMP: Rs 329.70)
D'Cunha: Hold
- Can hold on to this stock.
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.