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'Advisable to invest in markets now?'

By AJIT MISHRA
Last updated on: May 07, 2021 09:35 IST
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'Is it advisable to invest in the market with a horizon of 3-4 years period?'

 

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


Abraham Zachariah: Currently, the market is on an upward trend. There are various reports the market is due for a correction. Is it advisable to invest further in the market as an investment with a horizon of 3 - 4 yrs period? As I have retired from service, seek your advice on 5-10 fundamentally good stocks to be added as an investment.

My current shares, some of which are in loss or on hold. Please guide me further, what to do and apologies for the long list.

Kindly reply by return mail as per your convenience.

Ajit Mishra: You can invest in stocks such as M&M, Bharti Airtel, Dabur, Britannia, Lupin, Sun Pharma, TCS, Crompton consumer.

Company Name No of shares BUY Price Recommendation
Ashok Leyland 8000 75.00 Hold
Indusind bank 2500 450.00 Hold
Torrent Power 100 295.50 Hold
Hindustan Copper 900 38.50 Exit
NOCIL 200 162.00 Exit
Castrol 200 165.45 Hold
Axis Bank 100 727.90 Hold
Astra Microwave 500 83.44 Exit
Karnataka Bank 500 74.75 Exit
Narayana Hruda 100 307.70 Hold
Ashok Buildcon 500 105.10 Exit
Sobha 100 450.00 Hold
Titagarh Wagons 500 58.80 Exit
HCL Tech 100 597.00 Hold
L&T Info 30 1949.25 Hold
L&T Finance 500 119.65 Hold
Ircon International 500 93.06 Exit
Rites (RITLIM) 100 322.50 Hold
SBI Card 38 755.00 Hold
ICICI Bank 100 495.75 Hold
Karur Vysya bank 300 58.65 Exit
JK Paper 400 129.00 Exit
IRB Infrastructure Developers 500 91.50 Exit
Gujarat Gas 100 270.75 Hold
HDFC Life 100 617.50 Hold
SBI Life 100 990.05 Hold

Saji Paulose: These are the stocks that are currently in my portfolio. Kindly advice on what to keep from a long term point of view. 5-year horizon.

Ajit Mishra:

Security Name Qty Avg.Cost Recommendation
Waterbase Ltd. 50 306.33 Exit
Tata Motors Ltd. 1849 68.93 Hold
Lasa Supergenerics Ltd. 500 89.55 Exit
Larsen & Toubro Ltd. 37 940.29 Hold
Aditya Birla Capital Ltd. 150 106.79 Exit
Power Finance Corporation Ltd. 1500 93.35 Exit
HCL Technologies Ltd. 50 417.81 Hold
Infosys Ltd. 40 489.01 Hold
Kellton Tech Solutions Ltd. 300 54.55 Exit
Wipro Ltd. 38 207.78 Hold
Celestial Biolabs Ltd. 1000 14.79 Exit
Lupin Ltd. 60 954.62 Hold
Natco Pharma Ltd. 20 679.79 Hold
Sun Pharmaceutical Industries Ltd. 90 688.33 Hold
Wockhardt Ltd. 75 367.18 Hold
Hindustan Petroleum Corporation Ltd. 1000 257.96 Hold

Lekshminarayanan: I recently purchased Indiamart Intermesh 4 nos. @4830. Is it wise to add at current price of about Rs 5000?

Ajit Mishra: Yes you can add at current price only if you are a long term investor and willing to hold the shares for 2-3 year time horizon.

Jeevesh Pandit: Please advice on the following in my portfolio:

Ajit Mishra:

Gujarat Gas Hold
Ambuja Cements Hold
ITC Hold
Radico Khaitan Hold
Reliance Hold
IRCON Exit
Bharti Airtel Hold
Cipla Hold
Dabur Hold
HDFC Life Hold

srikanth: Could you please advise me on the following holdings of mine? Thank you for your time sir.

Ajit Mishra:

ONGC 150 @ Rs. 77 Hold
Oil India 200 @ Rs. 90 Exit
Power Finance 150 @ Rs. 95 Exit
REC 150 @ Rs. 111 Exit
Axis Bank 50 @ Rs. 680 Hold
PI Industries 10 @ Rs. 1220 Hold
Cupid 200 @ Rs. 190 Exit
Suprajit Engg 200 @ Rs. 175 Hold
Security & Intelligence Services 100 @ Rs. 450 Exit
TV18 Broadcast 600 @ Rs. 22 Exit
Jagran Prakashan 600 @ Rs. 39 Exit
Music Broadcast - 1500 @ Rs. 22.75 Exit
Sun TV - 200 @ Rs. 425 Exit

Tahir Khan: I am regular reader of your valuable opinions on rediff.

I am a long term investor. I have 75 shares of Indiabulls HOUSING @415. Presently in loss of about 19,000/-. Shall I book loss Sir or wait. I can wait for long also. Pls suggest.

Further, pls suggest in below also. I can hold all for long term.

Pls suggest to sale / hold / accumulate.

Ajit Mishra: Exit the stock

Coal India 120@215 - now at loss of 20,000/-  approx Exit
ITC 185@240 - now at loss of 13,000/-approx Hold, if time horizon is 2-3 years
ONGC 170@134 - now at loss of 11,000/- approx Exit
IOC 150@136 - now at loss of 9,000/- approx Exit

A K: I am holding the below mentioned stocks from past couple of years. Please let me know if I can continue holding them or exit.

Ajit Mishra:

Can Fin Homes @ 348.43 Exit
IDFC First Bank @ 30.41 Exit
IGL @ 307.80 Hold
M&M @ 507.06 Hold
Marksans Pharma @ 24.57 Exit
North Eastern @ 23.37 Exit
Wipro @ 266.21 Hold
Yes Bank @ 31.02 Exit

The Mysterious Guy: Sir I am holding Vodafone Idea shares and it is now in loss what should I do? Should I hold it or sell it off? Will it cross 11+ nearby? Please let me know.

Ajit Mishra: Exit the stock

X Kaiser: Need your inputs. I'm planning investment in the following scrips:

Ajit Mishra:

Power Finance Corporation Avoid
LIC Housing Fin Ltd Avoid
Castrol India Avoid
Jyothy Labs Avoid
Axis Bank / ICICI Bank Buy both banks in staggered manner

Pardeep Kumar: I'm new to the stock market and want to invest in this. I want to invest money in long term as well as some in medium term (3-5 years). Can you please suggest some shares that I can invest in?

Ajit Mishra: You can invest in stocks such as M&M, Bharti Airtel, Dabur, Britannia, Axis Bank, Icici Bank, Lupin, Sun Pharma, TCS, HCL Tech.

yogendra kumar rastogi: Pl advise on following stocks, whether to SELL/HOLD/BUY MORE. I do not have any time limit.

Ajit Mishra:

adani ports       20@160 Exit
adani power      196@38 Exit
bob                   205@130 Exit
bata                  52@440 Accumulate
bpcl                  168@120 Hold
cpse exchange traded fund    7140@26 Hold
coal india         75@233 Exit
cumins india    26@425 Hold
general insurance co     50@433 Exit
havels india     155@107 Hold
hcc                   1049@38 Exit
icici lombard    22@661 Hold
jain irrigation    1000@61 Exit
kridhan infra     1000@99 Exit
L&T Finance     900@77 Hold
NBCC               600@26 Exit
NHPC               380@30 Exit
NTPC               340@120 Exit
PTC India financial services   900@27 Exit
PFC                 114@102 Exit
Reliance           58@403 Hold
reliance power     600@42 Exit
TCS                 117@126 Hold
Tata motors      291@158 Exit
tata steel         79@455 Hold
ultratech         24@1971 Hold
vedanta          89@332 Hold
kotak gold     500@258 Hold
uti gold          106@2637 Hold

Ramasamy Nagarajan: Kindly advise me to reshuffle my portfolio.

Ajit Mishra:

Scrip Qty held BUY AT  
ASHOKLEY 100 103 Hold
DATASOFT 108 18.17 Exit
DIGJAMLTD 300 6.19 Exit
INDOWIND 300 4.32 Exit
IRCON 100 94.38 Exit
KESORAMIND 100 135.93 Exit
MOIL 100 259.76 Hold
NATIONALUM 900 42.95 Exit
NHPC 200 20.18 Exit
PNB 110 48.87 Exit
RCF 100 50.66 Exit
RELIANCE 50 512.04 Hold
SAIL 200 94.38 Exit
SBIN 10 220.92 Hold
SUZLON 400 24.46 Exit
TATASTEEL 10 566.51 Hold
TECHNOE 40 216.52 Hold
TPROJECT 15 39.86 Exit

Rajaraman Janakiraman: I have the below stocks, please let me know can I hold/accumulate/Exit from these stocks.

Ajit Mishra:

Dolat Investments - 200 @Avg Cost 45.20 Exit
Hindustan Oil Corporation - 100 @ Rs.66.37 Exit
Infosys Ltd - 10 @ Rs 672.45 Hold
LT Finance Holdings Ltd - 100 @ Rs 67.07 Exit
Tata Tele Services (Maharashtra) Ltd - 113@ Rs 12.08 Exit
TVS Motors - 20 @ RS 315.48 Hold
Yes bank - 100 @ Rs 16.76 Exit

Ashok Shelgaonkar: I am holding 100 shares of Bosch inherited from our father. Don’t know purchase price. Had sold part at around Rs 23,000. But stock has nosedived subsequently and now around 13,400. What would be your advice now?

Ajit Mishra: You can continue to hold for long term


Please mail your questions to getahead@rediff.co.in with the subject line 'Ask Ajit', along with your name, and Mr Ajit Mishra will offer his unbiased views.

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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