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ASK AJIT: 'How Do I Invest Rs 20 lakh?'

By AJIT MISHRA
September 07, 2021 08:53 IST
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'I want to invest Rs 20 lakhs. Could you please tell me across how many months I need to spread the amount for investing?'

Illustration: Dominic Xavier/Rediff.com
 

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


 

Kitchappan: I am holding 8,377 shares of DHFL @ Rs 25 and 21,550 shares of Yes Bank @ Rs 18.

I am a long-term investor.

Advise me on whether to hold or book the loss.

Ajit Mishra: Exit both.

 

Manoj Patra: I have invested in these shares for long-term. Please suggest what I should do.

Ajit Mishra:

Company No of shares Price Recommendation
SBIN 65 Rs 361 Hold
Vodafone 250 Rs 8.69 Exit
Reliance Industries 55 Rs 1,932 Hold
HDFC 18 Rs 1,396 Hold
VIDEOCON 100 Rs 4.1 Exit
MAHABANK 50 Rs 24.10 Exit

 

Smita Kumar: I have a corpus of Rs 80 lakhs. My age is 62.

Please advise how to invest so that I can get Rs 40,000 every month without exhausting my corpus. Is it possible?

Ajit Mishra: Investing in monthly income plan mutual funds would be advisable.

 

Rahul Kansara: Hi Sir. I have bought 525 shares of Sterlite Technology at an average of Rs 393 three to four years ago. I am long-term investor.

Currently, I am incurring loss. What should I do (keep/switch/other)?

Ajit Mishra: Switch to Reliance Industries.

 

Ganapathi Kamath: I have listed my shares along with average price. Please advise whether I should average further or exit.

Ajit Mishra:

Company No of shares Price Recommendation
DB Corp 3,250 Rs 133 Exit
Karnataka Bank 1,152 Rs 79.45 Prefer SBI, ICICI Bank
IRB 564 Rs 143.5 Avoid
Wonderla Holidays Ltd 210 Rs 250 Hold
GPPL 335 Rs 107 Hold
Force Motors 112 Rs 1,963 Exit
Texmaco Rail 6,077 Rs 40.20 Exit
CESC Ltd 45 Rs 704 Hold
Atul Auto 638 Rs 250 Exit
SH Kelkar 280 Rs 181 Hold

 

Wangnue: Please advise about hold/exit (and if possible any buy). Here's is my portfolio.

Ajit Mishra:

Company No of shares Price Recommendation
ITC 1,180 Rs 208 Hold
Bharat Electronics 500 Rs 128 Hold
BOB 1,750 Rs 88 Prefer SBI
Asian Tiles 820 Rs 186 Prefer Kajaria
Himadri Specialty Chemicals 2,700 Rs 47 Hold
Hindustan Copper 100 Rs 135 Hold
IDFCFIRST 2,670 Rs 53 Prefer ICICI Bank
MIRC ELECTRONICS 3,700 Rs 14 Exit
TATA STEEL BSL 200 Rs 98 Hold
VEDL 50 Rs 227 Prefer Hindalco/Tata Steel
AMBALALSA 200 Rs 40 Exit

 

Babichan K C: Kindly have a look at my stock portfolio and suggest whether I should sell/hold/add more. I am holding these stocks since more than three years. I look forward to your valuable suggestions.

Ajit Mishra:

Company No of shares Price Recommendation
Dhanlakshmi Bank 2,750 Rs 30.52 Exit
Federal Bank Ltd 1,000 Rs 112.06 Hold
Jaiprakash Associates 9,000 Rs 11.79 Exit
Kwality 3,700 Rs 28.98 Exit
L&T Fin Holdings 350 Rs 174.95 Hold
Reliance Com 2,000 Rs 19.14 Exit
Sintex Ind 3,000 Rs 24.94 Exit
South Indian Bank 3,450 Rs 14.44 Exit
Suzlon Energy 4,500 Rs 29.64 Exit
Unitech Ltd 6,500 Rs 6.62 Exit
Vakrangee 500 Rs 88.18 Exit
Visagar Polytex Ltd 50000 Rs 1.44 Exit

 

 

Somasekhar Gaduputi: I have the following shares purchased at a higher price. Please advise me.

Ajit Mishra:

Company No of shares Price Recommendation
ABAN 1,300 Rs 263 Exit
APEX frozen foods 84 Rs 806.77 Prefer Avanti for long term
Sutlej 770 Rs 109.60 Exit

 

Vijay Chavali: I bought 5,000 shares of TATABSL on May 21, 2021, at Rs 98.60. I request your suggestion. Should I hold for one year or sell this stock immediately? Please reply.

Ajit Mishra: Hold.

 

Rima Porel: I have Rs 20 lakhs and I want to invest that amount for the next 10 years. Could you please tell me across how many months I need to spread the amount for investing?

Should I invest Rs 1 lakh per month? This will take 20 months for me to invest the complete Rs 20 lakhs.

Should I invest Rs 2 lakhs per month, which will take 10 months for me to invest the complete Rs 20 lakhs?

Or should I invest some other quantity? Your response is highly appreciated.

Ajit Mishra: Since markets are trading at all-time highs, we would recommend that you phase out your investment over 2-3 years and invest quality blue chip companies.

 

Sunil Philipose: I have shares of Karuturi Global LTD (KARGLO). Now, the company has filed for liquidation. Is it possible to sell my shares in future? Will I be able to get my investment money back?

Ajit Mishra: It would depend on the outcome of the insolvency proceedings. It is a penny stock. Please avoid investing in such stocks in the future.

 

Sohni: What do you suggest for Videocon shares? What effects it will have after insolvency after Vedanta takes over?

Ajit Mishra: Avoid.

 

Vidyadhar K Jadhav: I am holding following stocks. I seek your advice on whether to hold/add/exit.

Ajit Mishra:

Company Recommendation
IOL Chem & Pharma Hold
HDFC Bank Hold
ICICI Bank Hold
HDFC Life Insurance Hold (Can add)
HDFC AMC Hold
HDFC Ltd Hold
Bajaj Finance Hold
Asian Paints Hold
Relaxo Footwear Hold
Pidilite Industries Hold
Indraprastha Gas Hold
Navin Fluorine Hold
Deepak Nitrite Hold
L&T Hold
TCS Hold
Infosys Hold
HUL Hold
Granules India Hold
Divis Labs Hold
Reliance Industries Hold

 

Tushar: Please advise about following stocks. Eagerly awaiting your opinion.

Ajit Mishra:

Company Recommendation
SBI CARDS Hold
M & M FIN Hold
SHREE DIGVIJAY CEMENTS Prefer Ultratech

 

 

Nandan Alok: I am having 2,500 shares of Reliance Power Limited @ Rs 14.20. Shall I sell or hold?

Ajit Mishra: Exit.

 


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.

Feature Presentation: Ashish Narsale/ Rediff.com

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