Are you still holding these stocks? Exit NOW

Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.

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

Radha: I hold shares of L&T and Ultratech. Are they good to hold it 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 two companies and offering to buy them. Is it OK to deal with such stock brokers who I not aware of?

Ajit Mishra: Both Ultratech and L&T can be held for long term. For Nataraj Ceramic and BOC Ltd. we would advise you not to deal with other brokers and get your query resolved with the broker where you have a demat account.

S Muthukumar: I am holding the following shares. Please give your expert opinion:

Ajit Mishra:

ASHOK LEYLAND 50 – Hold
INDIA BULLS VENTURES 30 - Exit
INFOSYS LTD 20 - Hold
NTPC LTD 30 - Hold
WIPRO LTD 32 - Hold

Mohit Bhatia: I have been holding on to shares of. Since 2 years I have been holding these shares and they don’t seem to be coming to even the price I bought them for. Kindly advise what I should be doing with them!

Ajit Mishra:

1. Spicejet @ 140 – The sector itself is highly cyclical, we would recommend to exit as the entry price of 140 is high.

2. South Indian Bank @ 27 - Exit

Kanchan Agashe: Would like your advice over which shares are best to keep on watchlist for "Intraday" type of trading. Also would like your advice on good shares to invest in a long term investment.

Ajit Mishra: We would suggest preferring the most active list of stocks at NSE India for day trading.

For the long term, we would recommend to invest in stocks like HDFC Bank, Reliance Industries, ICICI Bank, HUL, Dabur, M&M and Maruti.

Babu: I am having the following shares in demat form. Please let me know whether to hold or sell the above shares.

Ajit Mishra:

EID Parry - 1600 shares - Exit
Coromandel Fert – 600 – Hold.
Nagarjuna Fert – 100 - Exit
Finolex Ind – 200 - Hold
Dabur India – 100 - Hold
Reliance Ind – 12 - Hold

Amit Kumar: Please guide me about the following scrips which I am holding right now.

Ajit Mishra:

1. Apex Frozen @ 695 – Exit
2. Avanti Feeds @ 615 - Hold
3. Equitas @ 150 - Hold
4. Glenmark @ 820 - Exit
5. HDFC AMC @ 3000 - Hold
6. M&M @ 690 - Hold
7. PNB @ 120 - Exit
8. SBI @ 320 - Hold
9. Waterbase @ 288 – Hold
10. Yes Bank @ 265 – Exit on bounce. Strong hurdle at 75.

Anonymous: I have the following shares in my portfolio. Which ones to hold, exit and add?

Ajit Mishra:

Adani Port – Hold
Tata Motors – Hold only if you have 3-4 year view
Reliance Industries - Hold
Tata Steel - Hold
Ashok Leyland - Hold
Cipla - Hold
Sun Pharma - Exit
ITC - Hold
Wipro - Hold
NMDC - Hold
NTPC - Hold
Canara Bank - Exit
BOB - Hold
BOI - Exit
SBI - Hold
SBI Nifty 50 - Hold
SBI Nifty Bank - Hold
ONGC - Hold
GAIL - Hold
PETRONET - Hold
INDIABULLS - Exit
HDFC AMC - Hold

Alias Yacob: I am holding following shares for a long time. Please advise whether to hold or sell them?

Ajit Mishra:

1) Hindustan Urban Infrastructure - 25 @ 1100 - Exit
2) MMTC - 75 @ 90 - Exit
3) GVK Power - 200 @ 55 - Exit
4) North Eastern - 500 @ 65 - Exit
5) Sintex Industries - 7500 @ 35 - Exit

S Karthikeyan: Kindly suggest whether I can hold, sell/buy for average or switch over to other stocks from the following stock holdings. Holding both these stocks for more than 5 years now. Thanks in advance.

Ajit Mishra:

Bank of Baroda 1000 @189 – Hold, can average 50% quantity
Union Bank of India 1175 @ 224 - Exit

Hemendra Solanki: I am holding following shares for a long time. Please advise whether to hold or sell them.

Ajit Mishra:

Advance Meter - Exit
Allcargo - Exit
Avadh Sugar - Exit
Bharat Immuno - Exit
CRISIL - Hold
Cosmo Films - Exit
DCB Bank - Exit
Eon Electric - Exit
Eris Life - Exit
Expleo Solution - Exit
GMR Infra - Exit
GTPL Hathway - Exit
Golden Tobacco - Exit
HFCL - Exit
HUDCO - Exit
IFCI - Exit
IOC - Hold
ITC - Hold
Innovative Tyre - Exit
JSW Steel - Hold
NMDC - Hold
Opto Circuits - Exit
Palash Securiti - Exit
Pidilite Ind - Hold
Reliance Power - Exit
Suraj - Exit
TCS - Hold
Windsor Machines - Exit
Wipro - Hold

Manish Zamre: I have the following holdings in my portfolio. Please advise.

Ajit Mishra:

1) Mirc Electronics 1300 @ 17.10 - Exit
2) Tata Motors 350 @ 176.51 – Hold only if 3-4 year view or Exit
3) GVK 4000 @ 7.20 - Exit

Vikas Jain: I have a demat ac at Karvy Stock Broking. Their statement shows all holdings. Please answer my queries.

Ajit Mishra:

Is the holding safe in my demat a/c? -- Given the current scenario, it would be prudent to remove the holdings from your Karvy Demat Account.
I sent them the DIS slips transferring my holdings to another demat a/c on 27/11/2019 but till today the transfer has not been done. What action can I take? – Please get in touch with the regulator (SEBI).

Girish Kumar: Please give your opinion on the following companies:

Ajit Mishra:

1. Chemfab Alkalies - Exit
2. Hind Aluminum Industries - Exit
3. J B Chemicals & Pharmaceuticals - Hold
4. Rajapalayam Mills - Exit
5. Gujarat Industries Power - Exit
6. Nilkamal Plastics - Hold

P C Surana: I am a long-term investor. Kindly provide your advice if I should hold or sell these stocks .

Ajit Mishra:

Aditya Birla Capital 100 Shares @ 205.00 – Hold
Aurobindo Pharma 10 Shares @ 844.00 - Hold
Caplin Labs 25 Shares @414.00 - Exit
Castrol 200 Shares @200.00 - Hold
Century Plywood 100 Shares @278.00 - Hold

PRS Murthy: I have following shares. Please advise

Ajit Mishra:

Adani Green Energy @ 140.9 – Exit
Dilip Buildcon @ 711 - Exit
Excel Industries @ 971 - Exit
GM breweries @ 977 - Exit
Goa Carbon @ 854 - Exit
Graphite India @ 972 – Exit
Guj Alkalies @ 418 - Exit
Harita Seating @ 678 - Exit
HEG @ 1685 - Exit
Hexaware @ 470 - Hold
IFB @ 1040 - Hold
Jay Bharat Maruti @ 429 - Exit
JBM Auto @ 369 - Exit
Jindal Stainless Hissar @ 168 - Hold
Jindal Worldwide @ 130 - Exit
Kanchi Karpooram @ 353 - Exit
Sarda Energy @ 460 - Exit
Shaily Engg @ 1088 - Exit
Sreeleathers @ 208 - Exit

Anonymous: Pl advice on non-moving shares like these: Shree Ganesh Jewellery, Polytex India, Parekh Aluminex, Kemrock Industries, Everonn Education, Educomp Solutions and Core Education & Technologies.

Ajit Mishra: Please try to exit these stocks at any opportunity.

Vijay Vank: I have 49 shares @ 400 of Caplin Point Lab. What should I do?

Ajit Mishra: Exit the stock.

Vivek K P: I am an investor in stock market since two years now. I have bought couple of shares one month back and those are little down. I sincerely need your valuable advice on how to move forward. Here the details of the stocks.

Ajit Mishra:

3000 GAIL @ 137 - Hold
3000 IOC @ 136 – Hold
5000 FACT @ 40 - Exit
2000 GNFC @ 210 - Exit

Vedamurthi Hari: I am having these shares and need your kind advice whether to hold /add/exit. Kindly recommend stocks to add on monthly basis.

Ajit Mishra:

Sterling and Wilson 57 @ 780 - Exit
Coffee Day 200 @ 79.5 - Exit
Canfin Homes 10 @ 392.5 - Hold
Hindalco 20 @ 199.27 - Hold
Arihant Super 100 @ 33.85 - Exit
Petronet LNG 60 @ 266.5 - Hold
Petronet LNG 12 @ 274.8 - Hold
Motilal Oswal NASDAQ 100 ETF 17 @ 555.5 - Hold
Asian Paints 14 @ 1831.1 - Hold
Asian Paints 2 @ 1678.4 - Hold
Godrej Consumer Products 25 @ 736.45 - Hold
Oil India Limited 100 @ 171.41 - Hold
Larsen & Toubro 4 @ 1364.65 - Hold

Sandip Sen: Please advise whether I should add/hold/sell the following stocks. I am a long term investor and am prepared to wait for 4/5 years.

Ajit Mishra:

1. National Aluminum @ 48 - Hold

2. NBCC @ 47 - Exit

3. Phillips Carbon @ 136 - Exit

4. GAIL @ 147 - Hold

5. ONGC @ 150 - Hold

6. Coal India @ 219 - Hold

7. Engineers India @ 109 - Exit

8. HDFC AMC @ 3000 - Hold

9. HUL @ 1750 - Hold

10. Vedanta @ 151 - Hold

11. IDFC First @ 39 - Exit

12. SBI Life @ 837 - Hold

13. Biocon @ 221 - Hold

14. Sun Pharma @ 410 - Exit

15. L&T @ 1350 - Hold

16. Reliance Ind @ 1340 - Hold

17. Rites @ 161 - Hold

Ashfaq Gadamphalli: I have seen your valuable advice at Rediff on various holdings of investors. It will be grateful if you could advise us. As I am beginner in stock market which is better holding for 6 months and your views on holding 7NR Retail Limited.

Ajit Mishra: We would recommend exit from 7NR Retail.

For a beginner, better to start with LT and ITC.

Nilesh Naik: Vedant LTD 800 @ 320 per share. What to do?

Ajit Mishra: Stock is highly cyclical, we would recommend you to diversify to other sectors like FMCG, Consumer Durables, Auto and Banks. The company’s fundamentals are decent; one can average 50% at CMP.

S S Ghoshal: Presently I am holding following shares. Please share your suggestions. I have an investment horizon of minimum 10 years to maximum 20 years.

Ajit Mishra:

Ashok Leyland 64 @ 140.43 – Hold, can average 50%
Can Fin Home 4 @ 480.20 - Hold
Federal Bank 80 @ 89.49 - Hold
Himadri Speciality 70 @ 82.83 - Exit
Indian Oil 35 @ 143.93 - Hold
ITC 60 @ 277.57 - Hold
L&TFH 8 @ 164.38 - Hold
Megh Mani Organics 100 @ 62 - Hold
Reliance Industries 42 @ 1284.48 - Hold

Kuldip Goel: I am carrying about 5200 shares of M/s Opto Circuit for last so many years. Above shares were obtained either from IPO or thru bonus shares issued by the company.
The current scenario of the Company seems quite bleak. Kindly advise what should I do?

Ajit Mishra: Please exit the stock due to deteriorating fundamentals of the company.

Piyush Chourey: I have 7000 yes bank share @ 70. Shall I hold?

Ajit Mishra: Yes but use bounce to exit around the buying price. Strong hurdle at 75.

K K Babu: Please give your suggestion on the following shares:

Ajit Mishra:

Hindustan Zinc Ltd - Hold
UFO Moviez India Ltd - Exit
Talbro Automotive components Ltd - Exit
Veto Switch gears & Cables Ltd - Exit
Philips Carbon Black Ltd -
Nila Infrastructures Ltd - Exit
Nila Spaces Ltd - Exit
Dilip Buildcon Ltd - Exit

Neha Parab: Kindly advice on the below mentioned stocks: Please guide as I am holding these shares with high price other than HDFC AMC.

Ajit Mishra:

HDFC AMC - Hold
Yuken - Exit
Sandu Pharma - Exit
Himalaya Food - Exit
Birla Soft - Exit
Olectra Greentech - Exit

Amrit Rajawat: I am holding Federal Bank 20 shares @ 116. Currently trading @ 88.5. What should be my line of action?

Ajit Mishra: One can continue to hold the stock for long term.

Shankar Banavasi: I have a doubt regarding sale of IPO listed share sale. I wanted to know that if I buy shares of a company via IPO and sell them on the day of enlisting of its shares on the stock market, will the shares sale attract a short term capital gains tax?

Ajit Mishra: Yes, it will attract short term capital gains tax.

V Srinivas Rao: Kindly give your opinion on below stocks with long term perspective.

Ajit Mishra:

Biocon 1280 @ 197.38 - Hold
Amararaja Batteries 31 @ 621 – Exit, prefer Exide.
ICICI Prudential Mutual Fund ETF 22 528 @ 35.97 - Hold
HBL Power Systems Limited 495 @ 38.21 - Exit
HDFC Asset Management Company Limited 10 @ 1416 - Hold
ITC limited 30 @ 279.90 - Hold
Kaveri Seeds 45 @ 618.69 (Should I apply for buyback?) – Exit
Meghmani Organics 110 @ 58.31 - Hold
NBCC 200 @ 53.15 - Exit
NHPC 150 @ 27.19 - Hold
PowerGrid 60 @ 192.13 - Hold
SJVN 1500 @ 30.43 - Hold

Chandrashekhar: I'm holding 500 of PC Jewellers @ 33. Was expecting upmove above 40 by November month end at least. Need your advice whether to hold or exit.

Ajit Mishra: For long term it’s a sell. Technically, PCJEWELLER is looking extremely weak on the short- term chart. Better to Exit.

Yogesh Vaidya: Please advise about holding of the following shares.

Ajit Mishra:

1) First Source Solutions Ltd – 5000 - Exit
2) Cochin Shipyard – 100 - Hold
3) Elnet Technology – 300 - Exit
4) General Insurance – 100- Exit
5) IEX – 75 - Hold
6) Indian Metals – 50 - Exit
7) MRPL – 500 - Exit
8) Va Tech Wbag – 100 - Exit
9) Tata Motors – 200 – Hold if 3-4 years view

Rajesh Rane: I am holding following shares since last 1 year, please suggest Buy/Sell/HOLD

Ajit Mishra:

MM FORGINGS BUY 615 / CMP 343 - Hold
LT FOOD BUY 46 / CMP 23.50 - Exit
NOCIL BUY 160 / CMP 101 - Exit
BOMBAY DYEING BUY 256 / CMP 80 - Exit
NBCC BUY 85 / CMP 36.50 - Exit
CREST VENTURES BUY@172 / CMP 88 - Exit

Sobhan: I have 100 shares of ICICI BANK. Please suggest what to do.

Ajit Mishra: We have a positive view on the stock, one can continue to hold.

Vaseem Lahori: Please share your thoughts as to what should I do with following stocks. Thanks in advance for your thoughts.

Ajit Mishra:

Rattan Power - Exit
Axis Bank - Hold
DCB Bank - Exit
HEG - Exit
Jindal Steel - Hold
Kajaria Ceramics - Hold
Larsen & Tubro - Hold
Motherson Sumi - Exit
PNB - Exit
Reliance Power - Exit
SBI - Hold
Tata Motors – Hold if 3-4 years view
Vodafone Idea - Exit
Walchandnagar - Exit
Yes Bank - Use bounce to exit. Strong hurdle at 75.

Hemanshu Kothari: Kindly advise about Reliance Industries Ltd. I am holding big lot at 550 (1100 original) since 2007

Ajit Mishra: We have a positive view on the stock, one can continue to hold.

Anand K Swamy: I am holding 10 shares of Mphasis at the rate of 900 per share. I would like to do some trading. What are the possible options?

Ajit Mishra: Currently, it’s hovering in a range 830-890 for past one month or so. Either side breakout will further decide its trend. Existing long positions can be hold with SL at 830.

Nitin Thaker: I am long term investor. Please guide me on my following equity holding, ADD MORE (BUY) / SELL / HOLD:

Ajit Mishra:

BPCL 216 @ 519 - Hold
CEAT 58 @ 1,167 - Hold
HDFC AMC 229 @ 3,609 – Hold, can add around 2,500 levels
INFY 175 @ 758 - Hold
United Spirit 566 @ 710 - Hold

Shyam K: I am holding these stocks in my portfolio. I can hold long term for the long term. Please advise.

Ajit Mishra:

Bandhan Bank 10@500 - Hold
HDFC AMC 30@1732 - Hold
HDFC Standard Life: 130@299 - Hold
Yes Bank 500@216 - Yes but use bounce to exit around the buying price. Strong hurdle at 75.
Havells 280@278 - Hold
V Guard 225@185 - Hold
L&T 60@1116 - Hold
Varun Beverages 180 @ 435 - Hold
Petronet LNG 500@115 - Hold
Adani Port 100@297 - Hold

V B Agarwal: May I seek your advice regarding my portfolio as under:

Ajit Mishra:

Yes Bank - Yes but use bounce to exit around the buying price. Strong hurdle at 75.
Reliance Industries – Hold
L&T - Hold
Infosys - Hold
Tech Mahindra - Hold
Rel N V 20 – Hold
IDFC First Bank - Exit

Praveen Patil: I am having Sanwaria Consumer Ltd 2500 shares at average of 9.50 from 15 months. What should I do?

Ajit Mishra: Exit the stock.

Tilak Dasgupta: I have the following shares in my portfolio:

Ajit Mishra:

1. HUL@2042 - Hold

2. L&T@1387 - Hold

3. ITC@245 - Hold

4. Dabur@464 - Hold

5. Colgate @1553 - Hold

6. Asian Paints @1680 - Hold

7. SBI Life @973 - Hold

8. Titan @1138 - Hold

9. Berger Paints @484 - Hold

10. Escorts @650 - Hold

Anonymous: I am a long term investor, looking for super-duper, astonishing capital gains. I have shares of only two companies in good quantity. These are Maruti and Infosys.

1. Can you tell me if these two scrips qualify for super-duper capital gains in the long run?

Ajit Mishra: Yes, these stocks can give strong returns in the long term.

2. Which other companies qualify for fantastic capital gains BETTER THAN Maruti Suzuki & Infosys in your order of preference?

Ajit Mishra: HDFC Bank, ICICI Bank, Britannia Industries, Reliance Industries.

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.

Ajit Mishra: It is better to keep a portfolio of stocks, as it will help in diversification.

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 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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