Should you buy shares of Zomato Ltd. at the current market price? Is Life Insurance Corp. a good choice from a long-term perspective? Should you keep holding shares of Indian Renewable Energy Development Agency Ltd.?
Gaurav Sharma, head of equity, commodity and currency research at Globe Capital Market Ltd., and Prashant Tapse, senior vice president of research at Mehta Equities, answered these investor queries and more on NDTV Profit's Ask Profit show.
Mazagon Dock Shipbuilders (CMP: Rs 2,625.25)
Tapse : Don't Buy On Current Levels
Will take time to deliver returns to the investor in current levels again.
Stock rallied due to order booking from Indian government.
Question be raised with respect to execution.
Business very slow, wait and watch.
If stock price comes down to anywhere around Rs 2,000, it can be a good level.
Focus is bullish in long term, two to three years.
Asian Paints (CMP: Rs 2,280.70)
Tapse : Hold
Limited upside from current levels.
New competitive pressures are coming.
First-quarter and fourth-quarter earnings may be better than expected, and can give a small price target up to Rs 2,600.
Hold the stock.
LIC ( CMP: Rs 776.75)
Tapse: Hold
Investors should hold it for a very long term to get a good return on investment.
For a long-term investor, it will take its own time.
Comfortable valuations, decent prices for long-term investments can add fresh stocks.
Zomato (CMP: Rs 223.53)
Tapse: Buy
Overall, this will be a portfolio stock.
Not considering valuation, Rs 200 will be a good level to buy in terms of price.
Looks very good, because now it's part of the index.
Add Swiggy also in the portfolio.
Tata Steel (CMP: Rs 158.60 )
Tapse : Hold
Continue to hold stock for Rs 180–190 levels for medium and long term.
Metal growing very fast.
Steel will be in demand for one or two years.
Ireda (CMP: Rs 151.87)
Tapse: Buy
Renewable energy is a portfolio stock, not trading stock.
Recent correction in stock provides an opportunity to add more.
Add more on dips.
Canara Bank (CMP: Rs 85.57 )
Tapse: Buy
Add more at this point of time, accumulate the stock near Rs 80.
Asset quality is doing really great with respect to peers.
Delivered well every quarter, current accounts and savings accounts are stable.
Indian Overseas Bank (CMP: Rs 43.38)
Tapse : Sell
Book profits at levels near Rs 50–52 for long-term investors.
Valuations are very expensive.
Sell and add more from other public sector banks.
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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