'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Vadiraj Kadival: Please suggest if I need to hold or exit Shree Renuka Sugars.
I have around 8,400 shares averaging at Rs 18.67. Can I buy few more shares at current price of Rs 9.30 to average it even less?
Please advise. Thank you.
Ajit Mishra: Exit the stock.
Vikas Gupta: Sir, I have following shares in my portfolio. Please suggest whether I should sell them or hold.
Ajit Mishra:
| 1. ICICI Bank (Bought at an average price of Rs 608) | Hold |
| 2. NTPC (Bought at an average price of Rs 107.80) | Hold |
| 3. SBIN (Bought at an average price of Rs 402) | Hold |
Vinay Nair: I have following shares. Please advise whether to hold or exit:
Ajit Mishra:
| Reliance Ind @ Rs 2,049 | Hold |
| Tata Motors @ Rs 247 | Hold |
| IDFC Bank @ Rs 63 | Exit |
| Camlin Fine Sciences @ Rs 117 | Hold |
| HDFC Bank @ Rs 1,531 | Hold |
| Equitas Small Finance Bank @ Rs 49.94 | Exit |
| Greaves Cotton @ Rs 140 | Exit |
| Bank of Maharashtra @ Rs 23 | Exit |
| BHEL @ Rs 40.09 | Exit |
| IDFC Ltd @ Rs 50.47 | Exit |
| PNB @ Rs 35.53 | Exit |
| Tata Steel BSL @ Rs 41.35 | Exit |
| Yes Bank @ Rs 16.09 | Exit |
| Vodafone @ Rs 12.01 | Exit |
Sudhir Prabhu: I am new to trading. I would like to begin with a trial amount of Rs 5,000. I am interested in swing trade. Which stock/stocks should I buy and at what price should I exit?
Ajit Mishra: You can take positions in Prestige, ONGC and PFC.
Rajneesh Bankura: I hold the following stocks and would request your advice on short term/ long term hold/exit/buy call. I intend to keep only 3-4 stocks for more than three years.
Ajit Mishra:
| Bajaj Auto: 25 shares @ Rs 4,100 | Hold |
| Ashok Leyland: 50 shares @ Rs 121 | Hold |
| HDFC Bank: 25 shares @ Rs 1,425 | Hold |
| Yes Bank: 300 shares @ Rs 16 | Exit |
| Pidilite Industries: 28 shares @ Rs 1,750 | Hold |
| L&T Ltd: 60 shares @ Rs 1,459 | Hold |
| IRFC (Indian Railway Finance): 2,500 shares @ Rs 25 | Exit |
| HCL Technologies: 50 shares @ Rs 985 | Hold |
| Godrej Consumer Products: 150 shares @ Rs 738 | Hold |
| IOC: 400 shares @ Rs 98 | Hold |
| Inox: 75 shares @ Rs 323 | Hold |
| ITC: 200 shares @ Rs 215 | Hold |
| Bharti Airtel: 130 shares @ Rs 575 | Hold |
| Vodafone Idea: 800 shares @ Rs 11 | Exit |
Anee A: I have 375 shares of Sonata Software Ltd. Nothing much has happened for the past 20 years. Should I hold or sell?
Ajit Mishra: Exit the stock.
Susanta Kumar Chowdhury: Can you please let me know about the shares listed below?
Could you please also recommend shares/MF for investment?
Ajit Mishra: For stocks, you can invest in Britannia, ICICI Bank, SBI, Coromandel, Inox Leisure, Bharti Airtel and Ashok Leyland.
| State Bank of India: 135 shares @ Rs 352 | Hold |
| J K Laxmi Cement Ltd: 12 shares | Hold |
| Gujarat State Petronet Ltd: 250 shares @ Rs 54 | Hold |
| Petronet LNG Ltd: 1,400 @ Rs 101 | Hold |
| Ashok Leyland Ltd: 11 shares @ Rs 110 | Hold |
| Vikas WSP Ltd: 350 shares @ Rs 10 | Exit |
| Essar Securities Ltd 63 @ Rs 50 | Exit |
Tadapatri Ramesh: I got into the stocks business recently. My question is: Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities? I am being advised not to have too many scrips. At present, I have about 65 scrips.
Ajit Mishra: You should invest in fewer stocks but they should be fundamentally and financially stable. Also, it should have strong corporate governance and good long term growth prospects which can help in earning decent returns.
Alpesh Patel: Can you please advise me about whether I should sell or hold shares in following investment?
Ajit Mishra:
| Bank of India: 5,000 shares @ Rs 75 | Exit |
| Marksans Pharma: 20,000 shares @ Rs 55 | Hold |
| Yes Bank: 6,000 shares @ Rs 16 | Exit |
| TV18: 5,000 @ Rs 30 | Exit |
| NDTV: 4,000 shares @ Rs 54 | Exit |
| Munjal Showa: 3,200 shares @ Rs 148 | Exit |
Rajesh Laddha: I want to invest a sum of Rs 10 lakhs in good shares with a 10 year horizon. Please suggest your top picks.
Ajit Mishra: You can invest in Britannia, ICICI Bank, SBI, Coromandel, Inox Leisure, Bharti Airtel and Ashok Leyland.
Sharief Khaja: I am a short-term investor. Kindly advise me as to whether I should hold or exit the following shares:
Ajit Mishra:
| Reliance Industries: 100 shares | Hold with SL at Rs 2,060 |
| Adani Power: 300 shares | Better to exit |
| Adani Transmission: 100 shares | Hold with strict SL at Rs 850 and exit on bounce |
| Union Bank of India: 65 shares | Better to exit, else put strict SL at Rs 34 |
Also, do let me know if I can invest in the following companies:
Ajit Mishra:
| Tata Motors | Above 315 |
| Adani Enterprises | Avoid |
| Suzlon Energy ltd | Avoid |
| Tata Steel | Yes, you can |
| Banco Products | Avoid |
Phaneeshwar Wuppuluru: Please advise on these stocks:
Ajit Mishra:
| 1. Tata Motors @ Rs 135 | Hold |
| 2. Tata Power @ Rs 79 | Hold |
| 3. Tata Chemicals @ Rs 485 | Hold |
| 4. M&M @ Rs 550 | Hold |
| 5. L&T @ Rs 1,200 | Hold |
| 6. HAL @ Rs 700 | Hold |
| 7. GAIL @ Rs 135 | Hold |
| 8. SBI @ Rs 180 | Hold |
| 9. Cyient @ Rs 630 | Hold |
| 10. Wockhardt @ Rs 320 | Hold |
| 11. Bharat Forge @ Rs 480 | Hold |
| 12. Tejas Networks @ Rs 78 | Exit |
| 13. Dixon @ Rs 3,888 | Hold |
| 14. Reliance @ Rs 1,865 | Hold |
Sridhar Gampa: I have 4,000 shares of NHPC @ Rs 27. Please let me know your recommendation about whether to hold or exit.
Ajit Mishra: If you are holding with motive of earning dividend, then you can hold. Else, exit the stock.
Sandeep: Kindly provide me your views on the following portfolio.
Ajit Mishra:
| SANOFI: 30 shares @ 7,899.99 | Hold |
| RECLTD: 300 shares @ Rs 137.22 | Hold |
| PNCINFRA: 20 shares @ Rs 128.01 | Hold |
| LIQUIDBEES: 2 shares @ Rs 985.71 | Hold |
| ITC: 296 shares @ Rs 188.70 | Hold |
| IEX: 25 shares @ Rs 339.50 | Hold |
| HUHTAMAKI: 75 shares @ Rs 280.70 | Hold |
| HINDUNILVR: 5 shares @ Rs 2,161.80 | Hold |
| HCLTECH: 79 shares @ Rs 964.02 | Hold |
| HAPPSTMNDS: 30 shares @ Rs 330.37 | Hold |
| ENDURANCE: 13 shares @ Rs 1,376.47 | Hold |
| DIVISLAB: 25 shares @ Rs 3,619.00 | Hold |
| CHAMBLFERT: 26 shares @ Rs 216.03 | Hold |
| BANKBARODA: 100 shares @ Rs 72.80 | Exit |
| BANDHANBNK: 262 shares @ Rs 332.72 | Hold |
| ACCELYA: 50 shares @ Rs 928.61 | Hold |
| ABBOTINDIA: 1 share @ Rs 14,299.95 | Hold |
Jasminkumar Maheshbhai Gajjar: I have been following your posts on a regular basis. I have invested for long/mid-term. Request you to advise for the below stocks held by me.
Ajit Mishra:
| Alok Industries: 500 shares @ Rs 22.78, mid-term | Exit |
| Firstsource Solutions: 100 shares @ Rs 116.88, long term | Exit |
| Hikal: 75 shares @ Rs 167.14, mid-term | Hold |
| IDFC First Bank: 200 shares @ Rs 61.79, long term | Exit |
| India Cements: 80 shares @ Rs 169.45, mid-term | Hold |
| J B Chemicals: 10 shares @ Rs 1,236.29, mid-term | Hold |
| Kalyani Steels: 50 shares @ Rs 284.25, mid-term | Exit |
| Motherson Sumi: 50 shares @ Rs 236.75, long term | Exit |
| Orient Cement: 80 shares @ Rs 105.49, long term | Hold |
| RCF: 150 shares @ 79.49, long term | Exit |
| Shilpa Medicare: 30 shares @ Rs 433.01, mid-term | Hold |
| Sun TV: 30 shares @ Rs 478.51 mid-term | Hold |
| Sundaram Finance Holdings: 100 shares @ Rs 74.56, long term | Hold |
| Sundaram Finance Ltd: 10 shares @ Rs 2m528.45, long term | Hold |
| Syncom Formulations: 2,000 shares @ Rs 3.99, long term | Exit |
| Tata Power: 100 shares @ Rs 92, mid term | Hold |
| Trident: 600 shares @ Rs 12.14, long term | Hold |
| Yes Bank: 500 shares @ Rs 17.29, long term | Exit |
| Zen Technologies: 110 shares @ Rs 86.60, long term | Exit |
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.
Feature Presentation: Ashish Narsale/ Rediff.com
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