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First-time investor: 'I can afford only low-price stocks'

January 12, 2021 08:06 IST

'One should focus not on the price, but the value you get.'

Investing tips

Illustration: Uttam Ghosh/Rediff.com

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


Hariharaprasaad P: Sir, I am going to make my first investment in stock market. Since I am a student and not having a full time employment, I can afford only low price stocks. I have been thinking about investing in Vodaphone Idea, Spice Jet, IOB, GAIL and Network 18. If these are not feasible, please suggest some good low price stocks.

Ajit Mishra: Avoid all except GAIL. One should focus not on the price but the value you get. If you are new to investment, we would recommend investing in blue chips like HDFC Bank, Reliance Industries, Britannia Industries, Maruti and HUL but in staggered manner

Sanjay Nathaniel: I am having following shares in my portfolio. My time horizon is 2-3 years. Kindly advice.

Ajit Mishra:

IDFC First Bank 500 shares @ Rs.33/- - Exit
Yes Bank 1000 shares @ Rs.14.50 -  Hold
Ashok Leyland 350 shares @ 90.00 - Hold
ITI 300 shares @ 96.00 - Exit
HCC 2000 shares @ 9.00 - Exit
IDFC 500 shares @ 41.00 - Exit
NBCC 500 shares @ 36.00  - Exit

Vasudev Lalwani: I hold the following stocks. Seek your advice.

Ajit Mishra:

  1. Bharat Dynamics Ltd. - Hold
  2. Biocon. - Hold
  3. Bpcl. - Hold
  4. Eichermot. - Hold
  5. Indoco. - Hold
  6. LT- Hold
  7. Indusind Bank. - Hold
  8. Idea.- Exit
  9. Rain.  - Exit

santhose kumar: I'm holding following shares pls do advice should I hold Or exit or average.

Ajit Mishra:

bajaj finance 12@2437- Hold

hdfc life 40@450- Hold

ITC 50@177- Hold

SBI 50@198- Hold

Yes bank 1500@13.9 – Hold

Jiya eco 2700@9.24 - Exit

PNB 220@38 - Exit

Kec 50@266 - - Hold

Infibeam 100@ 40.2 – Exit

sunil malik: I have the following stocks bought about two years back when market and these stocks were at the peak. please suggest whether I should hold them if yes then for how long or sell now. And should I hold Trident or Sell Off.

Ajit Mishra: Trident - Exit
HBL Power (2000) bought at 47/- - Exit
Jain irrigation. (300 ) '' 113/-  Exit
future consumer (1000) " 66/- - Exit
Solar industries. ( 100 ). " 1168/- - Hold
Good Luck India. ( 500). " 82/'-  - Exit
Yash Paper. ( 1000). " 43/-- Exit
Jayaswal Neco. ( 3000). " 7.60/- - Exit
IOC. ( 200). 150/-- Hold

Sunil Kumar: I hold the following stocks and would like your advice on their long term holding as well as in what range I should buy or exit with target in mind.

Ajit Mishra:

1. Kalyani Steel - 83 @ 243 – Exit around 320

2. IndiabullsHsg - 59 @ 206 – Exit around 250-260

3. SBI - 87 @ 191 - Hold

Bhushan Khakole: I have following stocks in my portfolio; please suggest what should I do with them?

Ajit Mishra:

ITC - 300@191 - Hold

PetronetLNG - 300@255- Hold

Idea - 507@12 - Exit

Sail - 2005@35.40 - Exit

Reliance -7@2250- hold

Ravi Manchili: Sir i am holding the following shares. I thought of keeping these shares for 10 years. Sir please help me to identify which shares i have to keep and which i have to sell.

Ajit Mishra:

BHARAT FORG - Hold

DLF - Exit

EXIDE INDUSTRIES - Hold

ALEMBIC PHARMA - Hold

ICICI SECURITIES- Hold

MOTHERSON SUMI SYSTEMS – Exit

RAIN INDUSTRIES - Exit

KILPEST - Exit

CADILA HEALTHCARE - Hold

MARICO - Hold

TVS MOTOR- Hold

HATSUN AGRO PRODUCTS- Hold

HDFC BANK- Hold

COROMANDEL INTERNATIONAL- Hold

CASTROL INDIA- Hold

KAJARIA CERAMICS- Hold

RALLIS INDIA- Hold

TV TODAY NETWORK - Exit

CCL PRODUCTS- Hold

ORIENT ELECTRIC- Hold

CARBORUNDUM UNIVERSAL- Hold

BHANSALI ENGINEERING POLYMERS  - Exit

CAPLIN POINT LAB - Hold

IOL CHEMICALS AND PHARMA - Hold

MAHINDRA AND MAHINDRA FINANCIAL SERVICES - Hold

TATA CHEMICALS - Hold

ULTRATECH CEMENT - Hold

TUBE INVESTMENTS OF INDIA - Hold

HINDUSTAN ZINC - Hold

CHAMAN LAL SETIA EXPORTS - Exit

BRITANNIA INDUSTRIES - Hold

RELIANCE INDUSTRIES - Hold

ITC - Hold

INFOSYS - Hold

HINDUSTAN UNILEVER - Hold

BAJAJ AUTO - Hold

ICICI PRUDENTIAL LIFE- Hold

COLGATE PALMOLIVE- Hold

AMARA RAJA BATTERIES- Hold

PIDILITE INDUSTRIES- Hold

AXIS BANK- Hold

BAYER CORP SCIENCE- Hold

SANOFI- Hold

MINDTREE- Hold

LAURUS LABS- Hold

GRANULES- Hold

TATA CONSULTANCY SERVICES- Hold

AUROBINDO PHARMA- Hold

TATA CONSUMER- Hold

BALKRISHNA INSUSTRIES- Hold

AVANTI FEEDS - Hold

COAL INDIA - Exit

CUPID - Exit

DEEPAK NITRITE - Hold

GEOJIT FINANCIAL - Exit

GE SHIPPING - Exit

GUJARAT PIPAVAV PORT - Hold

HCL TECHNOLOGIES - Hold

INDRAPRASTA GAS - Hold

ORIENT REFRACTORIES - Exit

EICHER MOTORS - Hold

anoop desai: I have below stock, please let me know which stock should I need to hold on which I need to sell off, your guidance will be really helpful. Lookin forward for your valuable inputs

Ajit Mishra:

Stock Name Advise
ABBOTT INDIA LIMITED 2- Hold
Glenmark Pharmaceuticals Ltd 30- Hold
DR REDDYS LABORATORIES LTD 5- Hold
BAJAJ FINANCE LIMITED 5- Hold
HDFC BANK LIMITED 10- Hold
SBI 105- Hold
INFOSYS LTD 10- Hold
NIPPON INDIA ETF NIFTY BEES 200- Hold
ELECTROSTEEL CASTINGS LTD 30- Exit
GAMMON INFRASTRUCTURE PROJECTS 250- Exit
SINTEX INDUSTRIES LTD 150 - Exit

Joydeep Nandy Majumdar: Please advise on the below stocks for 1 year holding perspective (August to September 2021 perspective)

Ajit Mishra:

Purchased Stock Purchased Price Quantity
Bajaj Finance 2508.3 50
Bajaj Finserv 4595.22 20
Reliance 1074 100
Happiest Mind 373.99 150
Bandhan Bank 205.6 200
ACC 929.05 50
GIC 94.5 400
Tech Mahindra 617.5 105
Indus Ind Bank 492.4 210
Capacite Infra 124 1080
INOX 259.7 150
IRCTC 1213 90

Except GIC, Hold all the other stocks for long term.

rakhee regay: Pls advice on the following stocks

Ajit Mishra:

India Bulls Housing Finance - bought at 250 - Exit

India Bulls LISL boughts at 250- Exit

Tata Consumer product – 525 - Hold

Marsh: Thank you so much for answering my last query. Your counsel is strengthening my stock portfolio. Here are my new additions to my portfolio. Please advise your views for these shares.

Ajit Mishra:

ITC - 50 @ Rs.230 (bought long back) - Hold

M&M - 30 @ Rs.620- Hold

Auropharma - 15 @ Rs.780- Hold

L&T - 15 @ Rs.1000- Hold

Laurus Labs - 10 @ Rs.1370- Hold

JOHNSON DIAS: I am holding the below stocks, could you please let me know if I can add any more stocks on dips or can hold any or do I need to sell any stocks. Any suggestions on this would be appreciated?

Ajit Mishra:

Aarti Drugs @3018 -- Hold
Bharat Electronics @103- Hold
Dr. Reddy's Labs @5166- Hold
Granules India @377- Hold
ONGC @77- Hold

deb mukherjee: I am holding RBL bank 250 shares @ 200/- and Jindal steel 200 shares @ 197/- should I hold or exit looking at current prices and market scenario. Please advice

Ajit Mishra: One can hold both these stocks for long term.

Asokan T: I am having GIC-400 shares bought in IPO and now having a loss of 70%. and Indian oil 400 shares having a loss of 50%. What should I do

Ajit Mishra: Hold Indian Oil, Exit GIC

Debasish Adak: I have retired on August. I just wanted to ask you whether it is feasible to invest at present in stocks like Divi’ s Lab, HDFC Ltd, ITC and Bayer Corp.

Ajit Mishra: Yes, however invest in a gradual manner.


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.

AJIT MISHRA