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Exit these stocks, NOW!

July 22, 2020 06:31 IST

'Which stock can I invest in the current scenario?'
Ajit Mishra, vice president, Research, Religare Brokingm answers your queries:

 

Kamakhya Prasad Tiwari: I've started investing in Yes Bank's shares and I wanted to know that if investing there would give me a good return in the future or not?

Ajit Mishra: Yes Bank has had corporate governance issues as well as deterioration of asset quality which has taken a big hit in recent times. The asset quality could worsen considering the impact of COVID-19 pandemic led disruption.

We would advise you to avoid the stock and wait for improvement in the financials before making any fresh investment.

Arvind Gupta: I am a long term investor and can hold for 4 yrs at least. Your views on my following stock holdings please:

Ajit Mishra:

a) SBI – Positive, accumulate in a gradual manner
b) SBI Cards – Positive, accumulate in a gradual manner
c) DHFL - Avoid
d) NBCC - Avoid

Ashok Anand: PLEASE GUIDE ME ON HEG LTD & GRAPHITE LTD. SHOULD I HOLD OR SELL? –

Ajit Mishra: Considering the performance, exiting the stock would be prudent.

Anjani Kumar Shukla: I have purchased following stocks which are showing great loss. Details are as under. Please advice what to do?

Ajit Mishra:

1. Karnataka Bank Ltd @80/per share - 500 shares - Exit

2. Future Consumer Ltd @ 46/ per share- 100 shares - Exit

3. Hathaway cable & Datacom Ltd @ 70/ per share - 500 shares - Exit

4. L & T Financial @ 53/ per share- 500 shares - Hold

Arjun Mallik: Please find my portfolio attached, let me know your opinion on Sell/Hold. I am not going to put a single penny from today onwards. I am holding this portfolio of stocks from last 3 years. I have two kids and anything goes wrong here will affect them indirectly. I can wait at least 3-4 years.

Ajit Mishra:

Leonela Da Graca Pinto: Should I hold or exit IOC & Bharat Forge? Which stock can I invest in the current scenario?

Ajit Mishra: Both have decent prospects, but invest in a gradual manner.

Maitreyee Kumar: I hold 40,000 shares of National Fertilizers @ 30rs each. Should I hold or sell? Your advice will be highly valued.

Ajit Mishra: The company has high level of debt, therefore, since it is above your cost price, we would recommend you to sell the stock.


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

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