Ask Ajit: 'Sold shares in panic. What to do now?'

'I have sold all my shares in panic.'
'Could you please advise me a few companies which look promising and I can invest for the long term?

Ajit Mishra, vice president, Research, Religare Broking, answers your queries:

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Tahir Khan: I am regular reader of your valuable opinions on rediff. I am a long term investor.

I have 75 shares of Indiabulls HOUSING @415. Presently in loss of about 19,000/-. Shall I book loss Sir or wait. I can wait for long also. Pls suggest.

Further, pls suggest about below stocks which I can hold all for long term. Pls suggest to sale / hold / accumulate.

Ajit Mishra: Its better to stick to large NBFCs like HDFC and Bajaj Finance

Coal India 120@215 - now at loss of 20,000/- approx. - Exit

ITC 185@240 - now at loss of 13,000/-approx – Hold for 2-3 years

ONGC 170@134 - now at loss of 11,000/- approx. - Hold

IOC 150@136 - now at loss of 9,000/- approx. - Hold

Neetu Singh: Pl advise future strategy on my portfolio:

Ajit Mishra: Quess@ 198 - Avoid

Eicher motors@1471 - Hold

Tanla @230 – Book partial

Maruti@ - Hold

CAMS@1230 - Hold

Cadila@287 - Hold

Cipla@575 - Hold

Coforge @2020 - Hold

Concor@451- Hold

Tcs @1805- Hold

Solara@973- Hold

Rajeshexports @474 - Avoid

Optocircuits@7.35 – Exit

Nbcc @26 - Exit

GEPIL@282 - Exit

HDFC@1904- Hold

MRF@ 60068- Hold

Trejhara@22.10- Exit

Infy@627- Hold

Astrazaneca@399- Hold

Bajaj fin@2297- Hold

Reliance@1946- Hold

sanjay s sanghrajka: I am holding below mentioned shares, kindly suggest should i hold or sell if sell then where to invest again?

Ajit Mishra: Route Mobile@350- Hold

Bandhan Bank@375- Hold

Angel Broking@306- Hold

HDFC AMC@1100- Hold

AU Small Finance@358- Hold

Coal India@235- Exit

PNB Housing finance@775- Exit

Laurus Labs@85.6- Hold

CAMS@1230- Hold

SBI Cards@755- Hold

Amber Enterprise@859- Hold

amit dubey: I have sold all my shares in panic. Could you please advise me a few companies which look promising and I can invest for the long term. Need to invest Rs 10 lakh.

Ajit Mishra: One can look to invest in Reliance Industries, Britannia Industries, HDFC Bank, ICICI Bank, M&M, and HUL

anand fadnis: I seek your expert advice on the following:

 1. I am retired Government servant (MP) since 2006-age 76 with only income from pension
2. This year I had closed my PPF account and redeem TATA mutual fund TINFD -the amount is deposited in my Sbank account
3. I would like to know will there be any tax liability covering short/long term capital gain on the amount received.

Hope you will provide me necessary advice

Ajit Mishra: We suggest consulting a CA regarding the same.

Amit Jain: I have got following Shares. Kindly let me know whether I should Hold them or Exit from them.

Ajit Mishra:
1) Alok Industries - Exit
2) Geojit Financial Services Ltd - Exit
3) GSS Infotech Ltd - Exit
4) Tata Teleservices (Maharashtra) Ltd- Exit
5) Jaiprakash Associates- Exit
6) Jyoti Ltd. - Exit

Pravin Pandey: I have trading and demat account with karvy stock broking ltd .Karvy has transferred few stocks to nsdl demat account and most of the shares are in their pool account. Now karvy has been declared defaulter. Now I opened demat account in Kotak Mahindra and Zerodha. Sir my query is:

1. Can I get my money back?

2. Is there any option to sell these stocks directly?
3. As offices of karvy has been closed they run away how can these stocks will transfer to other demat account?
4. Is there any service provider paid or free who can help me?

Sir I am from small city and also not having any support/ knowledge to resolve this issue. I will be very grateful for your suggestions.

Ajit Mishra: Please check with your existing brokers to help you in this regard.

shailendra raghuvanshi: I have gone through today (8-12-2020) advise at one particular place you have asked to sell Tata power share and on one more place you have asked to hold the Tata power share, quite confusing on the same date for the same company two different opinion. I have 100 shares of Tata power

Ajit Mishra: It could be due to different trading or investment horizon. Also, if someone has bought at lower levels and getting decent returns, it’s prudent to book profits. However, if someone has just entered and the stock shows potential to yield further returns, we advise to hold as well.

You may hold the stock if have a long term view.

pandi rtajan kan: I am a new investor and would like to know your advise on the following stocks.

Ajit Mishra:

Name                       Qty       Avg Price    Hold/Exit

Aptech                      50           122           Exit

AshokLeyland            30           67             Hold

First Source               50           79             Exit

Happiest Minds          150         358            Hold

Tata Motors               30           130            Hold

BIJAY KEJRIWAL: PLEASE ADVICE FOR FOLLOWING:

Ajit Mishra:

1) HINDUSTAN COPPER – Hold but keep exposure minimal
2) COAL INDIA - Exit
3) HINDUSTAN UNILEVER - Hold
4) UTI AMC – Prefer HDFC AMC

Ashok Jain: Sir please suggest me to hold or exit:

Ajit Mishra:

1) Axis Bank- 500@ 621.50 - Hold

2) Bharthi Airtel- 1000@ 471- Hold

3) HDFC- 100@ 2308- Hold

4) Tata Motors- 1000@175- Hold

5) ICICI Bank- 500@509- Hold

Anupam Narkhede: I have following stocks in my portfolio from more than a year. I accumulated few shares in these stocks in the month of April 2020. Please advise which one to hold and from which stocks I need to exit. I'm investor and I have made these investments in long term perspectives. 

Ajit Mishra:

1. Amara Raja Batt. - Hold

2. City Union Bank - Exit

3. Divi's Lab- Hold

4. Finolex Cables - Hold

5. Gail - Hold

6. Godrej Consumer- Hold

7. HCL Technologies- Hold

8. HDFC AMC- Hold

9. HDFC Bank - Hold

10. Hawkins Cooker - Hold

11. ITC - Hold

12. Indian Energy Exchange- Hold

13. Infosys- Hold

14. L&T- Hold

15. La Opala RG- Hold

14. Maruti Suzuki India- Hold

15. PI Industries- Hold

16. Reliance industries- Hold

17. Synergy International Ltd- Hold

18. VST Tillers Tractors Ltd – Prefer Escorts

19. Zee Entertainment - Avoid

20. Power Grid Co- Hold

21. Bajaj Auto Ltd - Hold

22. Eicher Motors - Hold 

VENKATESAN: My holdings are as follows:

Ajit Mishra:

Company Name Qty Avg Purchase price

ASHOK LEYLAND LTD 50 121- Hold
EICHER MOTORS LTD 8 2159- Hold
MARUTI SUZUKI INDIA LTD 15 9337- Hold
MOTHERSON SUMI SYSTEMS LIMITED 250 199- Hold
TATA MOTORS LIMITED 585 247- Hold
DEWAN HOUSING FINANCE CORPN L 100 51- Exit
ICICI BANK LIMITED 50 337- Hold
INDIA CEMENTS LTD 55 95- Hold
MEGHMANI ORGANICS LTD 1150 74- Hold
LARSEN AND TOUBRO LIMITED 60 1453- Hold
DABUR INDIA LTD 1 523- Hold
HCL TECHNOLOGIES LIMITED 50 493- Hold
TATA CONSULTANCY SERVICES LTD 15 1931- Hold
WIPRO LTD 400 269- Hold
INDIAN RAIL CAT AND TOUR IRCTC 15 898- Hold
BHARAT PETROLEUM CORPN LTD 50 350- Hold
HINDUSTAN PETROLEUM CORP 100 243- Hold
OIL AND NATURAL GAS CORPORATIO 936 158- Hold
RELIANCE INDUSTRIES 50 1265- Hold
KHADIM INDIA LIMITED 50 271- Hold
RELIANCE NAVAL ENGINEERING LTD 100 9- Exit
ALOK INDUSTRIES LIMITED 100 12- Exit

Zoher: Please advise me on

Ajit Mishra: Marksans Pharma , 2350 Nos- Exit

Kalyani Steel, 50 Nos.- Exit

arumugam anbarasan: I am holding the following shares:

Ajit Mishra:

1. DLF -Exit

2. GMR INF-Exit

3. GUJ NRE -Exit

4. IFCI-Exit

5. NAGCON-Exit

6. PUNLLO-Exit

7. RATPOW-Exit

8. SINPLA-Exit

9. SUZENE-Exit

10. Vodafone idea-Exit

11. HINCON-Exit

12. HITKIT-Exit

13. JKSYN-Exit

14. KITSUG-Exit

15. PACCOT-Exit

16. SAKSUG-Exit

17. SATCOM-Exit

18. SININD-Exit

19. TATTE-Exit

Kindly advise whether i can hold all the above shares or sell off?

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Please mail your questions to getahead@rediff.co.in with the subject line 'Ask Ajit', 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.