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Stocks to create long-term wealth

By AJIT MISHRA
September 25, 2020 08:54 IST
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Ajit Mishra, vice president, Research, Religare Broking, answers your queries:


Sanjukta Kanungo: Sir, I want your advice regarding these stock, which I have purchased recently.

1. Dixon technology 15 share @ 6150, 

2. GMM pfaulder 15@4890

3. Infoedge 20 nos @ 2700

As long term invester should I hold those shares

Ajit Mishra: Hold the stocks for long term

Arnav Khandekar: I have heard from many people to buy good stocks gradually however one question bugs me a lot. If the price of the share keeps increasing and we keep on buying it, won't the average share price increase? So won't the profits be decreased? I'm asking for long term perspective.

I have reliance share @900 rs but seeing the current price and in future it seems that it won't come back to the previous levels of 900. What should I do? I want to accumulate more shares but buying at higher prices will make avg share price go up. Please help me with this dilemma. Also, I would request your view on ujjivan small finance bank share which I got at the time of IPO at 37 rs ( 300 shares currently).

Also your view on 

NESCO @ 627 - 2 shares. - Hold

Rajesh Exports @ 615 - 4 shares - Exit

RITES @ 280 - Hold

Which fundamentally strong growing stocks from pharmacy and chemical sector would you suggest for 2-3 years and the price range at which to buy ( fair value).

Ajit Mishra: Yes you are right; this strategy is used when the stock is good from long term but investors feel that it would run up in short span of time then investors continues to buy the stock even at high price. But in general average is done on dips for most of the stocks for the cost price to be lower.

Continue holding Reliance share. Exit Ujjivan small Finance bank

In chemical sector you can invest in stocks such as Atul, Vinati organic, Aarti Ind, Alkyl Amines Chemicals. With respect to Pharma one can invest in Cipla, Biocon, Cadila Healthcare, Glenmark, Divis lab and Alembic Pharma. All these stocks can be brought on dips and in staggered manner for long term.

Prasanna Ganapathy: I have started to learn about stock markets 6 months ago. Now I'm planning to diversify and invest in various markets. Please suggest can I buy these?

Ajit Mishra:

1) ITC Buy
2) Marico Buy
3) Berger paints Buy
4) JK paper Avoid
5) GAIL Buy
6) Tech Mahindra Buy
7) Sonata software Avoid
8) Oracle Avoid
9) Allsec Tech Avoid
10) Andhra sugar Avoid
11) Apollo pipes Avoid

Saurabh Jadhav: I'm Saurabh Jadhav I have invested in the following company's please guide for which stock I should hold and which I should sell.

Ajit Mishra:

1 . ALOK INDS - 130 shares @36.29 Exit
2 . BHEL - 100 shares @37.35 Exit
3 . FEDERAL BANK - 100 shares @55 Exit
4. ICICI BANK - 10 shares @365 Hold
5. NILA INFRA - 100 shares @4.20 Exit
6. REFEX - 100 shares @60.50 Exit
7. RELIANCE INDS - 5 shares @2134 Hold
8. RVNL - 300 shares - @21 Exit
9. SOUTH BANK - 100 shares - @7.85 Exit
10. TRIDENT - 100 shares - @6.85 Exit
11. URJA - 300 shares - @3.53  Exit
12. WIPRO - 50 shares - @268 Hold
13. YES BANK - 100 shares - @12 Hold
14. VIKASMCROP - 100 shares - @7.50 Exit
15. SYNCOMF - 200 shares - @1.95 Exit
16. CAPLIN POINT - 10 shares @540 Hold

Sanjan Banerjee: I am holding these stocks for 2-3 months. Pls share your opinion for Hold or Sell. I can wait for long term.

1. Kothari Petro 430 nos @ Rs. 14.50 average price

2. Indraprastha Medi 70 nos @ Rs. 33.00 

3. SBI 11 nos @ Rs 190

4. Confidence Petro 100 nos @ Rs. 18.20

5. Hindustan tin 100 nos @ Rs. 38.00

6. SJVN 100 nos @ Rs. 22.25

7. KM Speciality Hospital 60 nos @ Rs. 21.55

8. Gammon infra 500 nos @ Rs. 0.97 

Ajit Mishra: Hold SBI for long term and Exit all the other stocks.

Dr. Vasudeva Murali: I am holding 1000 shares of TANLA SOLUTIONS bought @170 Hold or book profits?

Ajit Mishra: Book Profit at the current levels.

Dr. Md. Ismail Shaikh: Please give your valuable opinion regarding my portfolio

Ajit Mishra:

Triden 100 shares Exit
ONGC 55 shares Hold
Vodafone Idea 100 shares Hold
ITC 15 shares Hold
Power Finance Corp 55 shares Exit
HPCL 60 shares Hold
BHEL 50 shares Exit

Swapnil Suresh Vaidya: Hi Sir, I have following shares holding. PL advise.

Ajit Mishra:

1) Indusind Bank - 500@434 Rs each - Exit
2) Axis Bank - 300 @ 440 Rs each - Hold
3) Yes Bank -15000@Rs 17 each - Hold

Vikram Nadar: I am a long term investor ready to hold for 10 to 15yrs. Would like to know your recommendation on the below stocks which I am holding for the last 3 yrs.

Ajit Mishra:

1) Titan 10nos @₹888 Hold
2)Talwalkar health 18nos@spit Exit
3)Hdfc bank 1no@₹1240 Hold
4)PMC Fincorp 500nos@₹1.03 Exit
5)NCL industries 3nos@₹240 Exit
6)Power grid 500nos@₹195 Hold
7)IRB Infra 111nos@₹260 Exit
8)MBL Infra 101nos@₹220 Exit
9)Indian Metals 100nos@₹710 Exit
10) Titagarh wagons 500nos@₹160 Exit
11) Hindustan copper 1000nos@₹106 Exit

Balbir Singh Rourkela: Following stock holding pl advise. NEXT WHICH TO PURCHASE, WHERE TO ADD, WHERE TO REDUCE, WHERE TO EXIT?

Ajit Mishra:

HERO MOTOR Hold
MARUTI Hold
ASIAN PAINT Hold
ACC Hold
ULTRATECH Hold
TCS Hold
INFOSYS Hold
TECHM Add
HCL TECH Hold
BHARATARTL  Add
RIL Hold
SUNPHARMA Hold
AUROBINDO  Hold
TITAN Hold
HAL Add
BEL Hold
ASTRAMICRO  Exit
BDL Add
ICICI Hold
INDUSIND  Exit
SBI Add
PIDILLITE Hold
IRCTC Hold

KRISHNAMURTHY DESAI: My name is K T Desai and a small time investor. Please advise on my following stocks. 

Ajit Mishra:

Reliance 350 shares @Rs 1954 Hold
Aarti industries 150 shares @ 1120 Hold
Granules 400 shares@325 Hold
Minda ind shares @ 305 Hold
Birlasoft 400 shares @ 147 Hold
Sbi 150 shares @ 206 Hold
Indiabulls housing 200 shares @ 212 Exit
Bhel 200 shares@ 41.55 Exit
GMR infra 200 shares@25.53 Exit
YESBANK 1000 shares@18 Hold
IRB infra 100 shares @ 128 Exit

Nehal: what should I do?

Ajit Mishra:

Rallies india buy 25 @ 230 – Book part profit at the current levels @ 290 and remaining position can be hold with strict SL at 280

Irctc buy 5 @ 1437.5 – Hold with SL at 1310

Sanjay: I have started investing in stocks at the age of 38 kindly guide me in which stocks should I invest for long term and currently my holdings are as given below:

Ajit Mishra:

Bank of baroda - 100 @ 48.50 Exit
Birla soft - 100 @ 181.80 Hold
Mothersumi - 75 @ 119.50 Hold
Uttam value Steel Ltd - 1760 @.60 Exit
Yes bank - 1000 @ 15.20 Hold

You can also invest in stocks such as HDFC Bank, Kotak Bank, HDFC ltd, L&T, Britannia, Dabur, Asian Paints, Bajaj Auto, Tech Mahindra, TCS, Reliance Industries, Cipla, Biocon, and Bharti Airtel. We advise you to buy these stocks in staggered manner as these stocks have decent fundamentals and good long term growth prospects which can deliver healthy returns.

Hari Prasad: Am Hari prasad from kerala.Please advice my holding position for last three years

  • South indian bank 2500@18rs
  • State ban 50@318rs
  • Tata chemicals 60@738 rs
  • Graphite india 125@586 rs

Total of 97000 loss

Ajit Mishra: Hold SBI and Tata Chem for long term and exit all the other stocks

DEBANJALI SAHA: I am Debanjali saha, involving with stock market approx 2yrs but only loss no profit. plz advise on my following stock (with invest price )

Ajit Mishra:

1) Bombay dyeing @91.5 Exit
2) Avanti feeds @609.25 Hold
3) Nocil @146.40 Exit
4) indiabulls hsg @1010 Exit
5) jyothy labs @467 Exit
6) BF investment @343.43 Exit
7) Sunpharma @540 Hold
8) HPL Electric & @101 Exit
9) Delt corp @261 Exit
10) union bank @92 Exit
11) Sunpharma Adv @ 426 Exit
13) BEML @982 Hold
14) Mauria Udyog @401 Exit

Krushna Mangulkar:  I am holding the below shares, please confirm whether i should hold or sell or add more? 

Ajit Mishra:

1. DEN - 20 @ 96.2 rs Exit
2. HDFC life - 1@ 611.9 rs Hold
3. Inox - 4 @ 215 rs Hold
4. Itc - 4 @ 194.5 rs Hold
5. Manappuram- 2 @ 164 rs Exit
6. Sbi card - 2 @ 793.5 rs Hold
7. Yes bank - 84 @ 14 rs Hold
8. ZEEL - 7 @ 210 rs Exit

I am thinking about adding below stocks, kindly share the opinion.

1. Idfc bank

2. Tv 18 broadcast

3. Nalco

4. Acrysil

5. tata consumer.

Ajit Mishra: Out of all you can add Tata Consumer and Hold Nalco

Raj Mohan: I have read the share market related article in which you have given advises to some investors. It is quite interesting and valuable too.

I would like to seek your valuable advices on the following stocks, I am holding these stocks for quite some time. only ICICI bank i bought recently. would you please recommend these stocks to be hold or exit:

  • RCOM
  • REL CAP
  • REL HOME FIN
  • RPOWER
  • YES BANK
  • ICICI BANK

Ajit Mishra: Continue to Hold ICICI bank for long term and Exit all the other stocks

M K Gupta: View on M&M Financial stocks. I am holding 700 shares@140/Share.

Ajit Mishra: Hold with strict SL at 120

Subrata Paul: Sir should I hold, exit the following shares

  • KNR CONSTRUCTION
  • RAIN INDUSTRIES
  • SOUTH INDIAN BANK
  • UFLEX

Ajit Mishra: Exit all the stocks

Saurav Singh: Please review my portfolio. I currently hold following stocks:

  • Ashoka buildcon
  • Zeel
  • Triveni 
  • Rbl
  • Alokinds
  • Engineersind
  • Gmdcltd
  • Indterrain
  • Irb

Ajit Mishra: Exit all the stocks

Mamta Vashishtha: I am Mamta 52. I have below shares and some liquidity to invest more. Please guide on selection with buy, Hold or exit. I want to invest for short term as i need income for monthly expenses due to job loss. I can invest for slightly longer period too if there will be more gain.

Ajit Mishra:

  • ONGC 150 @ 80.2- Better to exit or else hold with strict SL at 70
  • BSOFT.  200 @ 179.326- Hold with SL at 150
  • ASHOKLEY.  100 @ 61.8- Hold with SL at 60
  • DALBHARAT. 106 @ 773.784 – better to exit else hold with strict SL at 650
  • BPCL 100 @ 401.1- Hold with SL at 390
  • SBIN. 50 @ 193.4- Book profit at the current level else hold with SL at 190
  • POWERGRID.  250 @ 178.99- Hold with SL at 170
  • HINDALCO.  87 @ 192.5098- Hold with SL at 169
  • CIPLA. 25 @ 757.8- Hold with SL at 700
  • HINDPETRO.  175 @213.5429- Better to exit else hold with strict SL at 185
  • TATASTEEL. 20 @428.55- Hold with SL at 386

Thiyagarajan R: I have 2000 shares of M&M Finance, purchased at 145. Hold or Exit?

Ajit Mishra: Hold with SL at 120

Illustration: Uttam Ghosh/Rediff.com


Please mail your questions to getahead@rediff.co.in with the subject line 'Stock Market Query', 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.

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.

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