Should you hold shares of ONGC? Should you add shares of Canara Bank Ltd. at the current market price? Have you lost the chance to buy shares of Cochin Shipyard Ltd. at an attractive price? Is it the right time to exit Belrise Industries Ltd.?
Avinash Gorakshakar, Founder AvinashMentor Research, Milan Vaishnav, Gemstone Equity Research, and Ajit Mishra, SVP Research, Religare Broking Ltd., provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Oil and Natural Gas Corporation Ltd. (ONGC) (CMP: Rs 273.85)
Avinash: Hold
- Some part of poil musty be hedged at a lower price.
- If war continues, strong chances oil could further gallop down.
- Oil companies would benefit in this kind of market.
- Upstream companies in positive shape after crude oil price rise.
Belrise Industries Ltd. (CMP: Rs 190.45)
Milan: Hold
- Relatively outperforming.
- Hang on with the stock with stop loss Rs 165.
ICICI Bank Ltd. (CMP: Rs 1,268.80)
Milan: Buy
- Add more but not in large quantities.
- Wait for reversal signs, good sign to appear.
- Buy only upto 15% of his existing holding.
Canara Bank Ltd. (CMP: Rs 138.31)
Avinash: Hold
- Doing very well. Current fall is not anticipated.
- Strong bank with large digital space.
- Timeframe of 18-24 months.
- Allocate 10-20% of capital.
Cochin Shipyard Ltd. (CMP: Rs 1,459.80)
Ajit: Hold
- Seeing Bit of pause but no sign of reversal.
- Wait and watch for short term.
- Avoid buying more at current levels.
Rapid Fire By Avinash Gorakshakar And Milan Vaishnav
- ITC Ltd. - Stay away
- Jindal Drilling and Industries Ltd. - Hold
- Tata Consultancy Services Ltd. - Hold
- State Bank of India - Sell
- Interglobe Aviation Ltd. - Hold
- Hindustan Zinc Ltd. - Hold
- Lemon Tree Hotels Ltd. - Don't recommend buying
- Karur Vysya Bank Ltd. - Buy
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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