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Do you still have these shares? SELL NOW!

November 22, 2019 09:00 IST

Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis. 

Here are his replies to some of the 'buy, sell, hold or avoid?' emails that we have received.  

 

If you want his advice on your investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Stock Market Query', along with your name, and Ajit Mishra will offer his unbiased views.

Illustration: Dominic Xavier/Rediff.com


Dipankar Chakraborty: I am holding a few stocks since long & performance is also very poor. Any positivity is there if I Hold for further time. Need your kind advice Sir.

Ajit Mishra:

Unitech @ 89 Exit
Allahabad Bank @ 97 Exit
Andhra Bank @ 61 Exit
Alok Inds @ 15.15 Exit
Central Bank @ 72 Exit
Gammon Infra @ 16.40 Exit
Jaiprakash Associates @ 123 Exit
Manali Petro @ 33 Exit
Marksans Pharma @ 108 Exit
PSL @ 160 Exit
Sintex @ 65 Exit
SAIL @ 233 Hold
GVK Power @ 18.70 Exit
HCC @ 44 Exit
MBL Infra @ 158 Exit
MMTC @ 51 Exit
Suzlon Energy @ 39 Exit
South Indian Bank @ 30 Exit

Ravi Jadhav: Please give me guidance for below stocks on mail reply. I can Hold for 4-5 years view. Suggest whether to Hold/add/reduce/sell.

Ajit Mishra:

Sterlite Technologies @ 305 Add
Dilip Buildcon @ 698 Hold
NCC @ 85  Hold
Future Consumer - 50 Add
CEAT @ 1256 Hold
Deepak Nitrite @ 250 Hold
 HPCL @ 250  Add
Phillips Carbon Black @ 150  Hold
Century Enka @ 250 Hold
Precision Wires @ 231 Hold
Parag Milk Foods @ 220  Exit on bounce around 160

R S Mani: Greetings Mr.Ajith Mishra. I would like to have your advice on the following stocks I have currently. Please suggest buy, sell or hold accordingly.

Ajit Mishra:

Minda Industries Add
Engineers India Exit
P&G Health Hold
L&T Info Add
Reliance Capital Exit
Sterlite Tech Add
Ambuja Cements Hold
Vinati Organics Hold
Tata Elxsi Hold
NCC Hold
Trident Industries Hold
Varroc Engg Exit
Havells India Add
Asian Paints Hold
Bajaj Finance Hold
Aurobindo Pharma Hold
Raymond Hold
Reliance Industries Hold
CCL Exit
HDFC Bank Hold
Indusind Bank Hold
Jubilant Life Science Hold
ONGC Hold
Adani Enterprises Hold
Ashok Leyland Hold
Berger paints Hold
BEL Hold
CPCL Exit
Dewan Housing Exit
Escorts Hold
Godrej Consumer Products Hold
Himadri speciality chemicals Exit
Indian Bank Exit
IPCA Labs Hold
Jain Irrigation Exit
L&T Hold
Motherson Sumi Exit
Natco Pharma Exit
Shemaroo Entertainment Exit
Titan Industries Hold
TV18 Exit
Wipro Hold

Puneet Suri: Should I Hold the following?

Ajit Mishra:

  • SAIL @60: Stock is trading under pressure for more than a year now. Though marginal bounce can’t be ruled out at the current levels but upside is capped.  Hold with strict SL at 36
  • NBCC @ 55: Stock is trading under pressure and still there is no sign of relief. Better to Exit on any bounce.
  • SBI @ 280: SBI is one of the strong counters in PSU pack and still holding strong in multiple time frames. Immediate support is at 318 and Resistance is at 342. Hold

Anil S Mahajan: I have following shares for last 2 to 4 years. Please give your advice whether to hold or sell.

Ajit Mishra:

1. Lupin 50 @ 1600 Hold
2. Unichem Lab 100 @ 140 Exit
3. Finolex Cables 30 @ 760 Hold
4. Somany Ceramic 30 @ 940 Hold
5. Va Tech Wabag 20 @ 1650 Hold

K M: I am a long term investor, looking for super-duper, astonishing capital gains. I have shares of only two companies in good quantity: Maruti Suzuki & Infosys.

  • Can you tell me if these two scrips qualify for super-duper capital gains in the long run?
  • Which other companies qualify for fantastic capital gains better than Maruti Suzuki & Infosys in your order of preference?

If these two are the best & none other better than these, then say so because I will sell these to buy your recommendation as good quantity can give good capital gains.
Million thanks & looking forward for your expert advice, thanking you in advance, I remain.

Ajit Mishra: Yes, Maruti and Infosys both can fetch good returns over long term. We believe you should hold these stocks. However, if you want to switch to other stocks then exit only part of your investments. Further, investment can be made in companies like Marico, Britannia and M&M.


Ajay Seth: I am long term investor having following stocks: Kindly advise if I should hold or exit

  • Titan 50 @ 1180
  • ITC 250 @ 261 

Ajit Mishra: Continue to hold both the stocks as it can fetch healthy return over long term.


Suresh Kasliwal: Kindly advise about following stocks.

Ajit Mishra:

  • Hikal Ltd 50 @ 168: On short-term chart, it’s looking weak. Better to exit or else put strict SL at 105
  • Indian Energy Exchange 64 @ 168: After a swift rebound from its support zone around 115, it’s currently consolidating in a narrow range around the support zone of moving averages ribbon. Breakout above 150 will lead to rise in price else consolidation will resume. Support is at 136
  • Zee Learn 450 @ 42: Hold with strict SL at 25
  • GNFC 50 @ 500: After a decent correction from its record high, GNFC is currently hovering in a narrow range for past two months or so on chart. At the current juncture, marginal bounce can’t be ruled out however upside is capped as it has got multiple resistance around 200, 210 and then at 230. For any upside surge, breakout above all these level is crucial else sideway s to negative trend will continue.
  • Praj Industries 50 @ 119: Hold with strict SL at 105  
  • Arvind Ltd 50 @ 95: Hold with strict SL at 45 else on any bounce try to exit. Upside resistance is at 55.

Manish Mohta: I have following scrips in my portfolio. Please give your expert advice on long term holding for following scrips:

Ajit Mishra:

GRAPHITE INDIA Hold
HEG Hold
ASTRA MICROWAVE PRODUCTS Hold
AVANTI FEEDS Hold
RAIN INDUSTRIES Exit
JBM AUTO Exit
GENERAL INSURANCE CO. OF INDIA Hold

S K Singh: I am holding following stocks. Please advise whether, I should add, hold, or sell them. I can hold them for another six-month period.

  • Infosys 750 shares @ 565
  • SBI 700 shares @ 232

Ajit Mishra: Continue holding both the stocks for at least 1-2 years for healthy return.


Dr Mohit: I have shares of Spicejet @ 140, South Indian Bank @ 27. I have been holding these shares since 18 months. Kindly suggest what to do! Hope to hear from you soon.

Ajit Mishra: Exit both the stocks.


Reno Mammoottil John: Should I hold/quit on the following stocks: 

Ajit Mishra:

  • 30 Ashok Leyland @ 135: Hold
  • 60 Jain irrigation @ 136: Exit
  • 55 Tata Steel @ 711: Hold
  • 9 Vedanta @ 224: Hold

Anant Kamat: I am holding these stocks from past couple of years. Please let me know if I can continue holding them or exit.

Ajit Mishra:

Can Fin Homes @ 375.07 Hold
IDFC First Bank @ 44.23 Hold
IGL @ 306.47 Hold
M&M @ 659.64 Hold
Marksans Pharma @ 28.13 Exit
North Eastern @ 31.38 Exit
Wipro @ 265.93 Hold
Yes Bank @ 69.13 Hold

Pankaj Chandra: I am holding the following:

Ajit Mishra:

Ruchi soya 2520 shares @ 7.40 Exit
Graphite India 45 shares @ 640 Hold
Infibeam Avenues 400 shares @ 54.41 Exit
Coal India 150 shares @ 232 Hold
Chennai Petroleum 200 shares @ 248 Exit
Tata Steel 135 shares @ 587 Hold

Dr Neeraj Kumar Sharma: I have following shares. Should I Hold or sell?

  • Ballarpur Industries Ltd  900 @ 2.85
  • Vodafone Idea 100 @ 15.02
  • Jaypee Infratech @ 2.50
  • Shree Renuka Sugars @ 12.01

Ajit Mishra: Hold Idea and exit others.


Shanti Raghavan: I have the following stocks. Kindly let me know should I hold or sell. Looking forward to hear from you

Ajit Mishra:

Bhagyanagar India 50 @ 43 Exit
Edelweiss Fin 20 @ 327 Hold
IDFC 100 @ 52 Exit
GAIL 234 @ 161 Hold
JK Lakshmi Cement 20 @ 482 Hold
Lakshmi Vilas Bank 25 @ 146 Exit
Philips Carbon 100 @ 180 Exit
Sun Pharma 30 @ 673 Hold
V-Guard 35 @ 239 Hold
Yes Bank 20 @ 368 Hold

Anup Bhura: Dear Sir, please advise on the following stocks:

Ajit Mishra:

  • Coal India 400 @ 262: Hold with SL at 195
  • La Opala 200 @ 294: Looking weak on short-term chart, better to exit else Hold with strict SL at 135
  • ONGC 500 @ 188: Hold with strict SL at 130
  • Sun Pharma 500 @ 727: Hold  with SL at 400
  • Vakranghee 200 @ 201: Exit
  • Zee Media 2000 @ 21.80: Exit

Prasun Jain: I have 200 shares of PI Industries, 100 of HDFC Bank and 100 for Jindal Steel. Please suggest whether to hold or sell?

Ajit Mishra: Continue to hold PI Ind. and HDFC Bank as both the stocks are fundamentally stable. However exit Jindal Steel on poor financial.


Krishan Garg: Should I sell Siemens, Avenue Supermart, Avanti Feeds and Ceat Tyres?

Ajit Mishra: 

  • SIEMENS: After making a record high at 1717.45, it’s currently witnessing profit taking, however overall strong on the chart. Hold with SL at 1490
  • DMART: Strong on the chart, one can hold with SL at 1780.
  • AVANTI FEED: Holding strong on multiple time frames. Hold
  • CEATLTD: It has been an underperforming counter for past two years or so on daily chart and still looking weak. Exit else hold with SL at 920. 

Dr R K Gupta: Kindly advise one-year prospect of these stocks at current prices.

 Ajit Mishra:

  • Tata Steel: Hold
  • Bhusan Ltd: Exit
  • Rain Industries: Exit
  • Graphite India: Hold

Ashish Sheth: I have Maruti shares purchased @ 6492. Please confirm if I can sell or hold them to avail maximum profit.

Ajit Mishra: Mostly auto packs are witnessing rebound and Maruti is no different. It has witnessed a sharp rebound from 5450 to 7758 levels and thereafter witnessed an intermediate dip of late, offering fresh buying opportunity for those who missed the chance earlier. Considering its current chart pattern, we expect a strong surge in near term. We thus suggest trader to book part profit at the current levels and Hold rest of the remaining positions with SL at 7000.


Kumar Chakraborty: I Hold the shares of the following companies, all stocks are currently in loss in my portfolio since the last 2 years. Should I wait till these stocks recover and sell at profit or exit immediately and invest in blue chip stocks? Please advise some good blue chip stocks with strong fundamentals for long term investment.

Ajit Mishra:

Digjam Limited Exit
Valson Industries Exit
JCT Industries Exit
ONGC Hold
Sanjivani Paranteral Exit
Nectar Life Sciences Exit
Marksans Pharma Exit
Alembic Pharmaceuticals Hold
Subex Systems Exit
SPEL Semiconductor Exit
Manugraph Industries Exit
Madhav Marble Exit
DIC industries Exit

Disclaimer: This article is meant for information purpose 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 investorsrecipients.

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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