Trading Ideas: HDFC Life Good For Long-Term, Accumulate Coal India On Dips, Say Experts
Nirav Asher, head of equity research at Latin Manharlal and Kush Bohra, founder of kushbohra.com answer these queries and more.
How should you trade HDFC Life Insurance Co. and Apollo Microsystems shares amid recent pressure? Is Gujarat Tools a good investment idea? What about Coal India and Adani Green Energy?
Nirav Asher, head of equity research at Latin Manharlal and Kush Bohra, founder of kushbohra.com answer these queries and more.
HDFC Life Insurance
Asher: Hold for medium-long term.
Asher said insurance companies tend to be risk averse and defensive bets. At this point, we are seeing short-term headwinds and challenges for the sector. Competition has also gone up and numbers have not been that great, he said. But it is just a question of time. He recommends remaining invested as promoter and business prospects appear to be strong in long term.
Apollo Micro Systems
Bohra: Exit at higher level.
According to Bohra, the stock's downturn is seen for a while now and any pounce above 50-DMA has been taken as opportunity to sell. He expects this pressure to continue and only recommends trading by keeping a stop loss of around Rs 95. If that is broken, the stock may fall to Rs 88. He sees no major rebound and advises exiting at Rs 104-105.
Gujarat Toolroom
Bohra & Asher: Stay away.
According to Bohra, the stock is of a microcap company and seeing circuit to circuit moves so he wouldn't suggest entry. Asher also said that scale is missing and market cap is too less.
Coal India
Asher: Accumulate on fall.
According to Asher, the stock remains a market leader. Even as renewable is getting more focus in India, coal will remain a pre-dominant source of energy and any fall in the share price should be used as opportunity to accumulate, he said.
Adani Green
Asher: Stay invested.
While noting that the stock has corrected, Asher said once execution in the green energy space completes, it can give very strong payback. He recommends keeping faith and staying invested, but does not recommend making fresh entry till execution completes.
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