Expert advice: Avoid these stocks and IPOs

‘I am a beginner and planning to start trading in stock.’

Ajit Mishra, vice president, Research, Religare Broking, answers your queries:

Madan Gopal: I am currently holding the below stocks:

Union bank of india @35.50 – 1450

Future retails @147 – 140

Yes Bank @15.75 – 5000

Kindly advice on these shares

Ajit Mishra: Exit Union Bank and hold the other two.

Jyatin Solanki: KInldy advise on following shares:

1. MRF 02 nos. av.buy 30000

2. shree cement 02 nos av buy 9900

3. sbi cards 35 nos. av. buy 680

4. irctc 30 nos. av, buy. 900

5. icici lombard insurance 24 av. buy ipo

6. nestle 01 nos. av, buy. 11500.

Ajit Mishra: All the stocks have decent fundamentals; you can hold these stocks for long term.

Manoj: I’m holding below stocks from last 15 days and wanting to hold for a year and above. 

Please advise if I can go ahead with my thinking and also keep adding gradually. 

Ajit Mishra:

Federal Bank – Hold

Ashok Leyland – Hold

Infosys – Buy

HCL Tech – Buy

Wipro – Buy

ITC – Buy

ZEEL – Avoid

Mannapuram – Hold

Sun pharma – Hold

Ambuj Oberai: I have:

Vodafone Idea – 4000 shares @ 11/-

India Bull Ventures – 4000 shares @ 100/-

Steel India – 1000 shares @ 25/-

Sintex Plastic – 8000 shares @ 20/-

Should I hold, sell or accumulate more?

Ajit Mishra: Hold Idea and EXIT all the others as they do not have stable financials.

Murali: I have:

1) Reliance industries bought 10 shares @ Rs.1865/- hold or exit what is the target price if i hold till next quarter results

2) Bajaj Finserve bought 10 shares @ Rs.6538/- hold or exit

3)Eclerx services bought 15 shares @ Rs.630/- what is your opinion on this stock
4) TCS bought 5 shares @ Rs.2218/-

What is your opinion for long term?                                                                    

Ajit Mishra: All the companies mentioned have good growth potential and have decent financials, hence you can hold these stocks for long term and you can add more on dips.

Baburam Natarajan: I hold 800 shares of JSW steel. The company has reported Q1 loss. What should I do now?

Ajit Mishra: JSW steel has reported loss due to impact of pandemic, however once thing stabilizes and demand as well as economy returns to normal there would be revival and so you can hold the stock for long term.

Ravi Viswanathan: I hold 16800 Qty of graphite and 760 HEG ltd but bought at 389/share and 2500/share when the cycle was up.

Now since I m in losses and immediate term performance is impacted, I can hold for long term for bounce back. (Long term = more than 5 yrs).

Do you think it is worth holding and we can see 500/600 levels in Graphite? Your views pls.

Ajit Mishra: Exit both the stock, due to unstable financials. We would not recommend you to hold it and exit on rise.

Raj R Agrawal: Please share your views on Thomas Cook, Cox and kings, Bhel, Sail, Minda Corp, Fact, Hi-tech Pipes Himadri Special Chemical (hscl) and UPL.

Ajit Mishra: You can buy Minda Corp and UPL for long term. Avoid investing in stocks like Thomas cook, Cox and kings, Bhel, Sail, Hi-tech pipes and Himadri chemical.

Vinkesh Tilokani: I have below queries, pls pls help.

I can invest for a year or two time frame but focus is to recover the loss (quickly if possible); And importantly, want to enter at correct price range to avoid further losses (if market will crash again, who knows). I could not enter when market rebounded due to financial issues but want to start accumulating at least now at correct price ranges. So request you to pls help.

TATACONSUM previously i sold in loss of 45,000. Can you please advise at what price range should I should accumulate, considering it has rebounded fast and now at 400+ price.

Ajit Mishra: Consider accumulating within 360-380 zone.

AXISBANKsame story, sold in loss of 25,000; i had partially started accumulating this stock, (avg @444rs) however there is too much fluctuations in price so not sure at which range to enter in big way.

Ajit Mishra: Levels close to 390-400 could be decent area for long term buying.          

L&TFH: 20k loss here; pls suggest here too the correct price range to accumulate in big way so that i can recover losses in coming months.

Ajit Mishra: You should wait for 50-55 zone for fresh accumulation.

I wish to dare buying one future lot and get profit of 3-4points recovering my loss at quickest possible way but again have fear of market fall and incurring more loss. so not attempting the same.

Ajit Mishra: It’s a good idea to avoid such temptations.

Nikhil Karmakar: I read your articles regularly on rediff.com & today I have a query of my own. I hold 1000 stocks @ 158 / Share of Vakrangee. Please suggest should I hold / Sell.

Ajit Mishra: You should Exit

Vimala Devi: I want to apply IPO mindspace business park REIT what is your opinion on this?

Ajit Mishra: There are concerns due to ongoing uncertainties, but if you planning for long term, then can invest.

I am looking for investing in short term for good returns. please suggest where should I invest. I can wait 2 years.

Ajit Mishra: We would recommend you to invest in stocks such as HDFC Bank, L&T, HUL, Britannia (on dips), Dabur, Colgate, Asian Paints, Maruti, Infosys, Tech Mahindra, Reliance Industries (on dips), Cipla, Biocon, Havells, Voltas and Bharti Airtel. We advise you to buy these stocks in staggered manner as these stocks have decent fundamentals and good long term growth prospects which can deliver healthy returns

Bhavesh: I am a beginner and planning to start trading in Stock. Which cos shares would you recommend and at what volume and exposure? 

Ajit Mishra: Gradually accumulate stocks like HDFC Bank, LT, HUL, Infy, Maruti, Cipla and Bharti Airtel through SIP mode.

Also what is your opinion about TV18 Broadcast, HDFC, Va tech Wabag, SBI, Alok Industries and Ashok Leyland, would you recommend to buy the same? 

Ajit Mishra: You can invest in HDFC, SBI for long term. For Ashok Leyland there are challenges in the near term, however you can invest once there is some more clarity on demand revival and economic recovery.

Avoid investing in TV18 broadcast, Va tech Wabag, and Alok industries.

Ranjit Kumar Panda: I want to invest some money for 10 years. Last to last and i can accumulate it in time to time. For the long-term investment please suggest me any stock or stocks.

Ajit Mishra: We would recommend you to invest in stocks such as HDFC Bank, L&T, HUL, Britannia (on dips), Dabur, Colgate, Asian Paints, Maruti, Infosys, Tech Mahindra, Reliance Industries (on dips), Cipla, Biocon, Havells, Voltas and Bharti Airtel. We advise you to buy these stocks in staggered manner as these stocks have decent fundamentals and good long term growth prospects which can deliver healthy returns

Manoj Singh: Is this a good time to buy Indhotel, Lemon tree, Indigo and Federal Bank?

Due to COVID-19, the financials of the company has been impacted and still there is uncertainty ahead, hence avoid entering stocks like Ind hotels, lemon tree and Indigo at this point in time.

Koushik Das: I have shares of IBULHSGFIN (bought at 224 Rs); Network18 (bought at 49 Rs). Should I hold or sell it?

Ajit Mishra: Exit both the stocks on rise

SIDHANT CHAVAN: Should I hold these stocks for long time or sell them? Please give me a detailed report of my shares. I am a long-term investor please suggest.

Ajit Mishra:

ADANIPOWER – 17 @34.30 – Exit

ASHOKLEY – 4 @42.65 – Exit

MAHABANK – 50 @10.72 – Exit

FRETAIL – 10 @128.85 – Exit

GAMMNINFRA-BE – 100 @1.05 – Exit

GTLINFRA – 100 @0.55 – Exit

HINDPETRO – 2 @170 – Hold and can add more

IOC -2 @76.25 – Hold and can buy more

IRCTC – 3 @1425 – Hold and can add on dips

RELIANCE -1 @1330 – Hold and can add on dips

SBIN – 4 @175 – Buy

TATAPOWER – 5 @35.85 – Exit

UVSL-BE – 200 @0.30 – Exit

ZEEL – 2 @129 – Exit

Mayank Arora: Please call these stocks out as per your opinion. There are in my portfolio. What should I do with them and please suggest some good long time investments. Stocks which can be bought today hold for 3+ years.

Ajit Mishra:

Adani [email protected] (Qty-10) – Avoid

Bharat [email protected] (Qty-10) – Hold

[email protected] (Qty- 50) – Avoid

National [email protected] (Qty-100) – Good Dividend paying stock, hold

[email protected] (Qty-20) – Hold and can add on dips

[email protected] (Qty- 8) – Hold and can add on dips

[email protected] (Qty- 50) – Good Dividend paying stock

Dharmendra Kumar Jain: Your view on following:

Alok Industries

Suzlon Energy

Tata Motors

Ajit Mishra: Avoid investing in these stocks.

Rama Mohana Rao Namburu: kindly advice about our stocks, beml, bf utilitues, mps, raymond, idfc, idfc first bank , jm finance, escorts, praj inds, renuka, sterlite tech, kelltontech, steel strips, quess corp, thomascook, coffeeday. Sir kindly advice us which stocks hold and which stocks exit?

Ajit Mishra: You can hold stocks such as Escorts, Steel Strips and BEML for long term. However avoid and exit investments in all the other stocks.

Shoeb Dalvi: I saw your article regarding stock market advise. Even I am stuck in few shares I hope your view on below shares will really help me.

Below are the list of shares:

Sadbhav Engineering 

Den Cable 

Lakshmi Vilas bank

DFHL

BF Utilities

Ajit Mishra: Hold Den and exit all the stocks on rise

Kangan Jain: I wish to seek advice on the below shares held by me which are in loss at the moment. I can hold for the long term if stock has potential. Please advise if I should hold or sell or accumulate on dips.

Heritage Foods – Bought at Rs 445. CMP 320

TVS Motors – Bought at Rs 500. CMP 408

Maruti Suzuki – Bought at Rs 8300. CMP 6000

Ashok Leyland – Bought at Rs 77. CMP 52

Tata Metaliks – Bought at Rs 690. CMP 500

Ajit Mishra: Yes, you can hold the stocks for long term

Arunkumar Nateker: I have HDFC Bank 500shares, ITC Ltd 2400 shares [email protected], Tata motors 1000 shares [email protected] what to do with these stock especially ITC and Tata motors?

Ajit Mishra: You can hold HDFC bank and ITC for long term however Exit Tata motors

Vrinda Pareek: I am long term investor. I started buying some stocks for 4- 5 yrs horizon. Please give your valuable advice on below stocks:

Ajit Mishra:

1. Deepak Nitrite – Hold

2. BEL – Avoid

3. Hindustan Zinc – Avoid

4. NCC – Avoid

5. Gabriel India – Avoid

6. JK Paper – Avoid

7. Tata Power – Avoid

8. DB corp – Avoid

9. Hdfc Life –Buy & Hold

10. Tata Motors – Avoid

Nirav Asher: What should I do with these stocks, hold, exit for more time now?

RIL – Reliance industries ltd

INFOSYS – Infosys ltd

HDFC

Ajit Mishra: Hold the stocks for long term.

R Chakkilam: WHAT’S THE OUTLOOK? For [email protected]+?

Ajit Mishra: It may see 940 if it crosses above 850. Try to exit on bounce.

Abhijit Das: I have just entered the market about 3 months back and invested small time in some shares on my own. Currently I am down by a huge margin. 

Can you please take a look and tell me what should I do against each stock? I would be really thankful if you can let me know your opinion.

Ajit Mishra:

[email protected] – Hold

[email protected] – Exit

[email protected] – Exit

[email protected] – Exit

[email protected] – Hold

[email protected] – Exit

[email protected] – Hold

[email protected] – Hold

[email protected] – Hold

[email protected] – Hold

[email protected] – Exit

[email protected] – Hold

[email protected] Hold

Shukur Mohammad: I’ve recently started investing in stocks. Could you please suggest best stock to invest for one year with amount 50k?

Ajit Mishra: We would recommend you to invest in stocks such as HDFC Bank, L&T, HUL, Britannia (on dips), Dabur, Colgate, Asian Paints, Maruti, Infosys, Tech Mahindra, Reliance Industries (on dips), Cipla, Biocon, Havells, Voltas and Bharti Airtel. We advise you to buy these stocks in staggered manner as these stocks have decent fundamentals and good long term growth prospects which can deliver healthy returns

Jaswanth Reddy: I want to invest in IDFC FIRST BANK for long term investment(5yrs+). I like their management and corporate governance. What is your view on that stock? What is your view on ITC also for long term?

Ajit Mishra: In our view Avoid IDFC First Bank due to concerns over financials which has been impacted due to COVID-19.

You can invest in ITC for long term.

Amrit Pal Singh: Need advice on following with a three year horizon.

Ajit Mishra:

1. Indian Bank 1500 @65 – Exit

2. PNB 6000 @60- Exit

3 Ashok Leyand [email protected] Hold

4. SBI(one month 100 share SIP) 350 at present @185 – Hold for long term

5. Tata motors (Rs 10,000 each SIP) 1200 @avg 150- Switch to Maruti

6. Yes Bank 2000 Locked at 47, Recently went for IPO of 1000 shares at Rs 13, awaiting allocation. – Hold

Can I see a three-fold rise in Indian Bank, PNB, Ashok Leyland, Tata Motors by 2023?  – We should be realistic with the return expectation as these stocks are underperformers.

And shall I sell SBI at Rs 300? – No, you can continue to hold for long term

And if not which shares in my lot shall I sell and at what price considering a three-year horizon? Planning to raise capital to purchase a house worth Rs 50 Lakh on cash by 2023; Plus I want to add L&T by the year’s end worth Rs 1 Lakh.

Please advise.

Ajit Mishra: We would recommend you to invest in stocks such as HDFC Bank, L&T, HUL, Britannia (on dips), Dabur, Colgate, Asian Paints, Maruti, Infosys, Tech Mahindra, Reliance Industries (on dips), Cipla, Biocon, Havells, Voltas and Bharti Airtel. We advise you to buy these stocks in staggered manner as these stocks have decent fundamentals and good long term growth prospects which can deliver healthy returns

Nikhil: Humbly request you to review my portfolio and advise sell/hold

1. Axis [email protected] – Hold

2. Dish [email protected] 4.82 – Exit

3. [email protected] – Hold

4. Federal Bank. 61.78 – Exit

5. [email protected] Hold

6. [email protected] Hold

7. [email protected] 199  – Hold

8. Jsw energy46 – Exit

9. L and [email protected] 886 – Hold

10. Oil india. 77 – Exit

11. [email protected]  1313 – Hold

12. Reliance. 499 – Hold

13. [email protected]  252 – Hold

14. Tatamotors. 295 – Exit

15 Ultra tech 3928 – Hold

Thank you so much in advance. 

KRISHNAMURTHY DESAI: I have following stocks, please advise: 

Ajit Mishra:

1. 200 IRCTC shares purchased @ 1445. – Hold

2. 200 Bandhan Bank shares purchased at 395 – Hold

3. 400 Zee Entertainment shares purchased at The 204 – Exit

Sree Rama Krishna Veluri: I have purchased 1000 shares of Tanla Solutions, a Hyderabad based Company. 

Please inform whether I should hold or sell the same.

Ajit Mishra: Exit the stock

Felix Mascarenhas: I have mentioned below shares under my portfolio kindly guide me to take further action

1) Take Solution 200 – Exit

2) Rico Auto 100- Exit

3) GPPL 100 – Exit

4) SCI 100 – Exit

5) Zee entertainment 90 – Exit

6) Future Retail 80 – Hold

 7) Bank of mshsrshtra 44  – Exit

8) Vodaphone idea 140 – Hold

9) zensar tech 80  – Exit

10) PNB 100 – Exit

Jitendra Gaglani: I hold Ashok Leyland 1,000 shares. Cost price is Rs 108; and Indian Terrain Fashions Ltd (ITFL) 2,620 shares at cost Rs 151.

Could you pls provide your expert view. Whether to add, hold, or sell these stocks?

Ajit Mishra: Ashok Leyland would take time to revive, if you willing to hold for 2-3 years then continue to hold, else exit.

Exit Indian Terrain Fashion.

anup kumar: Please find my portfolio below, let me know your opinion on Sell/Hold.

Hold Trident – Exit

Yes bank – Hold

Vakrangee – Exit

South Indian Bank- Exit

Tata BSL Steel – Exit

Lemon Tree – Exit

Tatamtrdvr – Exit

Suven life sciences – Hold

Adani Green – Hold

Power Finance Corp – Hold

Indian Hotels- Hold

Spicejet- Exit

Bombay dying – Exit

Refex Industries – Exit

Triveni Engg – Exit

Everyday Ind – Exit

Indraprastha Med – Exit

Balmer Lawrie – Hold

SBI -Hold

Raymond -Hold

Murali Gummaraju: I hv Nagarjuna fertilosers Rs.5.5; I hv Graphite india Rs.213; I hv relience infra Rs.41. Shall I hold or Sell? 

Ajit Mishra: Exit all the stocks on every rise.

subhajit paul: I have purchased following stocks. Details are as under. Please advice what to do? Also please suggest 2-3 stocks for 3 to 4 years horizon.

Ajit Mishra:

RBL [email protected], 200 – Exit

Bajaj [email protected], 50 – Hold

[email protected], 500- Exit

Manish Bafana: I have the following stocks. Should i hold or sell them please guide.

Ajit Mishra:

1) [email protected] – Hold

2) Ashok [email protected] Hold

3) [email protected] Exit

4) [email protected] – Hold

5) Hinduatan [email protected] – Hold

6) Zee [email protected] – Exit

sarvesh sp: I have invested in Coal india ltd, SUMITOMO CHEMI & Future retail. Do I need to sell or hold?

Ajit Mishra: Coal India is good dividen paying stock, so you can hold if interested in investing in dividend paying stocks. You may hold Sumichem and Future retail too.

 Ashok Sahijwani: I hold these stocks. Most of them at very high levels. Please advise whether to Hold or Sell or Add sk as to reduce average rate in case they stand good prospects in next six to 12 months or so.

Ajit Mishra:

Tata Motors – Exit

HINDUSTAN ZINC- Exit

L&T – Hold

L&T Finance Holdings – Hold

NBCC- Exit

IOC  – Hold (Good dividend paying stock)

ONGC – Hold (Good dividend paying stock)

BHEL – Exit

P&S Bank- Exit

SBI – Hold

Manish Yadav: I have 620 share of alok industries at rate of Rs 40. Hold or sell?

Ajit Mishra: Exit the stock

DASARATHA RAMU JULAKANTI: SBI LIFE, HDFC LIFE which are part of nifty next 50 promoted to nifty 50. Let me get clarification that the invested amount on above stocks will be redeemed and reinvested in other Junior 50 or the invested amount is left permanently on those stocks. If redeemed what do you say about SBI LIFE, HDFC LIFE? BUY/AVOID?

Ajit Mishra: You can hold both the stocks for long term.

Also share your opinion on:

Ajit Mishra:

1. Glenmark – Hold

2. Khadim – Exit

3. Suven life sciences – Hold

4. Bajaj finserve. – Hold

Samrat Banerjee: I have the following stock which I will hold for long term 2-3 years some even more. Kindly suggest which one to hold and which not.

Ajit Mishra:

Alok industries – 1200 pcs @ Rs 45/- PC. – Exit
Indusind bank – 500 pcs @ Rs 558 – Exit
Future retail – 1500 pcs @ Rs 128- Hold
Future consumer – 1700 pcs- Exit
Future lifestyle – 150 pcs- Exit
Future supply – 50 pcs- Exit
Future enterprise – 500 PC’s @ Rs 18- Exit
Shoppers stop – 500 pcs – Hold
Chalet hotels – 500 pcs- Exit
Borosil – 500 pcs – Exit
Reliance naval – 5000 pcs- Exit
Reliance comm – 4000 pcs- Exit
Reliance power – 1500 PC’s. – Exit
Gayatri projects – 3000 pcs @ Rs 15- Exit
Jhs svenguard – 4000 pcs @ Rs 14- Exit
Den network – 300 PC’s @ Rs 111- Hold
Magma finance – 2000 pcs @ Rs 20- Exit
Rbl bank – 500 pcs @ Rs 185- Hold
Arvind fashion – 50 pcs @ Rs 184- Exit
Gammon infra – 4000 pcs- Exit
KSS – 4000 pcs- Exit
Uniply – 2000 pcs- Exit
Lloyds steel – 1000 pcs- Exit
GFL – 100 pcs. – Exit
South Indian bank – 800 pcs. – Exit
Urja global – 2000 pcs- Exit

Please mail your questions to [email protected] with the subject line ‘Stock Market Query’, along with your name, and Ajit Mishra will offer his unbiased views.

Photograph: Mohamed Abd El-Ghany/Reuters

Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.

Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.

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