Rediff.com  » Getahead » ASK AJIT: 'Lost Rs 20 lakhs in market crash. Any safe bets now?'

ASK AJIT: 'Lost Rs 20 lakhs in market crash. Any safe bets now?'

By AJIT MISHRA
September 30, 2021 08:54 IST
Get Rediff News in your Inbox:

Illustration: Dominic Xavier/Rediff.com
 

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


Raamesh Sehgal: I am 64 years old and lost almost Rs 20 lakhs in shares, options and puts between 2008-2010 due to the market crash.

Now, after 11 years, I am thinking of investing in mutual funds and shares as a day trader/mid-term investor.

I have a phobia because of my losses in the past. Please suggest a safe strategy for new investments in the range of Rs 1-10 lakhs.

Ajit Mishra: You can invest in ICICI Bank, SBI, Britannia, M&M, Kansai Nerolac, Nam-India, Maruti and Coromandel International.

 

Narwal: I have following shares in my demat account.

Please give your valuable suggestions as to whether I should hold/sell/add. Also I want to invest in ITC, Infosys, RIL, TCS.

Is it right time to invest in these stocks as per prevailing trends/rates?

Ajit Mishra: You can invest in Infosys, RIL and TCS on dips.

Company No of shares Recommendation
GSPL 200 Hold
PETRONET LNG 200 Hold
NHPC 24 Exit
JSW HOLDINGS 3,700 Hold
RELIANCE POWER 25 Exit
JSPL 450 Hold
INDBANK MERCHANT BANKING SERVICES 25 Exit
JINDAL STAINLESS LTD 75 Hold
JINDAL STAINLESS (HISAR) LTD 150 Hold
RIIL 450 Hold

 

Raj Suresh: I am holding following stocks.

Kindly advise which ones to hold and which ones to exit. Also advise which other shares I can invest in for a short term period of six months.

Ajit Mishra: For short term, you can invest in Petronet, Laopala,Nam-India and MGL.

Company No of shares Recommendation
ADANIENT 1,000 Partial exit
ADANIGREEN 1,700 Partial exit
ADANIPORTS 250 Partial exit
AXISBANK 1,000 Hold
BHARTIARTL 400 Hold
EQUITASBNK 1,000 Exit
ICICIBANK 750 Hold
ICICIGI 200 Hold
INDUSINDBK 600 Hold
JETAIRWAYS 2,000 Exit
MANAPPURAM 2,000 Hold
PCJEWELLER 5,000 Exit
RELIANCE 200 Hold
SBICARD 500 Hold
SBILIFE 700 Hold
SBIN 600 Hold
SUNTV 250 Exit
TATAELXSI 100 Hold
UTIAMC 500 Hold
ZEEL 1,000 Exit

 

Danesh: I'm 50 years old and have just opened my demat account. I'm also new to equity.

Can you give me your valuable advice about investing in stocks and which stocks to buy for both short term and long term?

I'm ready to take small risks as I need to plan a small corpus for my retirement.

Ajit Mishra: For the long term, you can invest in ICICI Bank, SBI, Britannia, M&M, Kansai Nerolac, Nam-India, Maruti and Coromandel International.

For trading, I would recommend you to check with your investment advisor as trading is time and price-sensitive.

 

Sharief Khaja: I have the following shares. Kindly advise whether to hold or exit. I am going to retire next month. Kindly advise new scrips for long term investment please. Advise suitably.

Ajit Mishra: For the long term, you can invest in ICICI Bank, SBI, Britannia, M&M, Kansai Nerolac, Nam-India, Maruti and Coromandel International.

Company No of shares Recommendation
Adani Transmission 100 Partial exit
Adani Power 300 Exit
Reliance Industries Ltd 100 Hold
Hind Industries Ltd 100 Exit
Union Bank of India 65 Exit

 

Ganapathi Kamath: I have these shares and am mentioning their 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 Exit
IRB 564 Rs 143.5 Exit
Wonderla 210 Rs 250 Exit
GPPL 335 Rs 107 Exit
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 Hold
SH Kelkar 280 Rs 181 Hold

 

Gautam Ghosh: Kindly advise whether I should hold, accumulate or sell the shares mentioned below.

Also kindly advise whether it would be advisable to replace these shares with those of leading private banks like HDFC/Kotak Mahindra/Axis/ICICI.

I also have 5,000 shares of Jindal Steel. Would it be advisable to replace these shares with other metal scrips like JSW/Tata Steel/Hindalco?

Ajit Mishra: Exit Jindal Steel partially and invest in JSW and Tata Steel.

Company No of shares Recommendation
Techno Electric & Engineering Company 2,000 Exit
Macrotech Developers 60 Hold
Federal Bank 1,800 Exit. Prefer ICICI Bank or Axis Bank

 


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

Get Rediff News in your Inbox:
AJIT MISHRA