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.
Prakash Neglur: I hold following shares. Please advise me about their future prospects and whether to hold or sell:
- GIC @ 433. 50 (average cost, ex-bonus)
- TVS Motors @ 722. 35
- Mahindra & Mahindra @ 974. 65
- TCS @ 2255.25
- Page Industries @ 20,141. 80
Ajit Mishra: We suggest you to hold GIC, TCS and Page Ind. You can average TVS Motors & M&M at current levels. Further, hold all these stocks for healthy gains over long-term (at least 1-2 years).
Lipika Ghosh: Sir, kindly give me 2 mid cap & 2 small cap with 1-2 yrs view.
Ajit Mishra: From 1-2 years perspective, we would suggest you to buy stock such as Voltas, IFB, Subros and Elgi Equipment.
C Nunthara: Dear Sir, I am a senior citizen and have the following portfolio in stock market. Kindly advice regarding how to go about it in the current market situation: sell, hold or otherwise.
- Kellton
- Aurobindo
- Allacrgo
- Chaman lal Sethia
- Apollo Tyres
- Newgen
- JK Papers
- TCPL
- Ador Fontech
- KEI Industries
- Apollo Tricoat
- GNA Axles
- Pennar
- CMI Ltd.
Ajit Mishra: We suggest you to hold Aurobindo, Apollo Tyres, JK Papers, KEI Industries. However, all other stocks should be exit.
Anant Kamat: Hello Sir, I am holding the below mentioned stocks from past couple of years. Please let me know if I can continue holding them or exit.
- Can Fin Homes @ 375.07
- IDFC First Bank @ 44.23
- IGL @ 306.47
- M&M @ 659.64
- Marksans Pharma @ 28.13
- North Eastern @ 31.38
- Wipro @ 265.93
- Yes Bank @ 69.13
Ajit Mishra: We suggest you to hold Can Fin Homes, IGL, M&M, Wipro and Yes Bank. In addition, exit stocks like IDFC First Bank, Marksans Pharma and North Eastern.
Fahim Ur Rehman: Sir, I have below mentioned shares. Please advise:
- HFCL 3000@ Rs 18.70
- Syndicate Bank 3000 @ Rs 30.5; 6000 @ Rs 30
- Yes Bank 1000 @ Rs 83, 500 @ Rs 82 and 1000 @ Rs 32
- Total 2500 shares of Yes Bank, I sold 1000 @ Rs 42.
- I am a long term investor and can wait 3+ months.
Ajit Mishra: We advise you hold Yes Bank for long term (at least 1-2 years), however you can Exit HFCL and Syndicate Bank on rise.
Mrs Radha: I hold shares of L&T and Ultra-Tech. Are they good to hold for long term? Also please advise about Nataraj Ceramic and BOC Ltd. Not sure what to do with them as I don't see any trade listing going on for it.
Please advise on this as I keep receiving letters from unknown stock brokers quoting the shares I hold with these 2 companies and offering to buy them. Is it okay to deal with such stock brokers who I am not aware of?
Ajit Mishra: You can hold L&T and Ultra-Tech for long term as they are fundamentally sound companies and can earn healthy returns over long term. As per our understanding, Natraj Ceramic name has been changed to Dalmia Bharat, while BOC Ltd has been changed to Linde India.
Roque Dsouza: Please advise whether to hold, sell or average, my portfolio which is as below:
- Indiabulls Housing Finance @ 150
- Indiabulls Real eastate @ 100
- Tata Motors @ 140
- ITC @ 245
- RTNINFRA @ 16
- RPOWER @ 250
- RCOM @ 200
- Sun pharma @ 425
- INFY @ 780
Ajit Mishra: We would advise you to hold ITC and INFY. Exit stocks such asIndiabulls Housing Finance, Indiabulls Real Estate, Tata Motors, RTNINFRA, RPOWER, RCOM and Sun Pharma.
V R Balasubramaniam: I hold 1000 shares of Zee Media Corporation Ltd. in demat Form. My broker said today "No Buyers" when I placed order to sell this scrip. Please suggest how I can get sell this stock before its price goes down further.
Ajit Mishra: You need to place sell order only with your broker. There is no other alternative for you to sell the stock.
V S Ghadge: Dear Sir, I am holding following stocks bought at much lower levels during 10 to 12 years ago. Can I hold on to them if I can expect returns after 3 to 4 years?
SBI, Union Bank, IOB.
Ajit Mishra: You can continue to hold SBI but exit Union Bank and IOB.
Mamata Das: I am holding Petronet LNG hoping to sell off at 270-280 in the next couple of months. Kindly suggest when I should exit or should I continue to hold or can I exit as planned?
Ajit Mishra: You can continue to hold Petronet LNG for long term.
Photograph: Shailesh Andrade/Reuters
