ASK AJIT: 'How Do I Invest Rs 20 lakh?'

'I want to invest Rs 20 lakhs. Could you please tell me across how many months I need to spread the amount for investing?'

Illustration: Dominic Xavier/Rediff.com

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

Kitchappan: I am holding 8,377 shares of DHFL @ Rs 25 and 21,550 shares of Yes Bank @ Rs 18.

I am a long-term investor.

Advise me on whether to hold or book the loss.

Ajit Mishra: Exit both.

Manoj Patra: I have invested in these shares for long-term. Please suggest what I should do.

Ajit Mishra:

Company	No of shares	Price	Recommendation
SBIN	65	Rs 361	Hold
Vodafone	250	Rs 8.69	Exit
Reliance Industries	55	Rs 1,932	Hold
HDFC	18	Rs 1,396	Hold
VIDEOCON	100	Rs 4.1	Exit
MAHABANK	50	Rs 24.10	Exit

Smita Kumar: I have a corpus of Rs 80 lakhs. My age is 62.

Please advise how to invest so that I can get Rs 40,000 every month without exhausting my corpus. Is it possible?

Ajit Mishra: Investing in monthly income plan mutual funds would be advisable.

Rahul Kansara: Hi Sir. I have bought 525 shares of Sterlite Technology at an average of Rs 393 three to four years ago. I am long-term investor.

Currently, I am incurring loss. What should I do (keep/switch/other)?

Ajit Mishra: Switch to Reliance Industries.

Ganapathi Kamath: I have listed my shares along with average price. Please advise whether I should average further or exit.

Ajit Mishra:

Company	No of shares	Price	Recommendation
DB Corp	3,250	Rs 133	Exit
Karnataka Bank	1,152	Rs 79.45	Prefer SBI, ICICI Bank
IRB	564	Rs 143.5	Avoid
Wonderla Holidays Ltd	210	Rs 250	Hold
GPPL	335	Rs 107	Hold
Force Motors	112	Rs 1,963	Exit
Texmaco Rail	6,077	Rs 40.20	Exit
CESC Ltd	45	Rs 704	Hold
Atul Auto	638	Rs 250	Exit
SH Kelkar	280	Rs 181	Hold

Wangnue: Please advise about hold/exit (and if possible any buy). Here's is my portfolio.

Ajit Mishra:

Company	No of shares	Price	Recommendation
ITC	1,180	Rs 208	Hold
Bharat Electronics	500	Rs 128	Hold
BOB	1,750	Rs 88	Prefer SBI
Asian Tiles	820	Rs 186	Prefer Kajaria
Himadri Specialty Chemicals	2,700	Rs 47	Hold
Hindustan Copper	100	Rs 135	Hold
IDFCFIRST	2,670	Rs 53	Prefer ICICI Bank
MIRC ELECTRONICS	3,700	Rs 14	Exit
TATA STEEL BSL	200	Rs 98	Hold
VEDL	50	Rs 227	Prefer Hindalco/Tata Steel
AMBALALSA	200	Rs 40	Exit

Babichan K C: Kindly have a look at my stock portfolio and suggest whether I should sell/hold/add more. I am holding these stocks since more than three years. I look forward to your valuable suggestions.

Ajit Mishra:

Company	No of shares	Price	Recommendation
Dhanlakshmi Bank	2,750	Rs 30.52	Exit
Federal Bank Ltd	1,000	Rs 112.06	Hold
Jaiprakash Associates	9,000	Rs 11.79	Exit
Kwality	3,700	Rs 28.98	Exit
L&T Fin Holdings	350	Rs 174.95	Hold
Reliance Com	2,000	Rs 19.14	Exit
Sintex Ind	3,000	Rs 24.94	Exit
South Indian Bank	3,450	Rs 14.44	Exit
Suzlon Energy	4,500	Rs 29.64	Exit
Unitech Ltd	6,500	Rs 6.62	Exit
Vakrangee	500	Rs 88.18	Exit
Visagar Polytex Ltd	50000	Rs 1.44	Exit

Somasekhar Gaduputi: I have the following shares purchased at a higher price. Please advise me.

Ajit Mishra:

Company	No of shares	Price	Recommendation
ABAN	1,300	Rs 263	Exit
APEX frozen foods	84	Rs 806.77	Prefer Avanti for long term
Sutlej	770	Rs 109.60	Exit

Vijay Chavali: I bought 5,000 shares of TATABSL on May 21, 2021, at Rs 98.60. I request your suggestion. Should I hold for one year or sell this stock immediately? Please reply.

Ajit Mishra: Hold.

Rima Porel: I have Rs 20 lakhs and I want to invest that amount for the next 10 years. Could you please tell me across how many months I need to spread the amount for investing?

Should I invest Rs 1 lakh per month? This will take 20 months for me to invest the complete Rs 20 lakhs.

Should I invest Rs 2 lakhs per month, which will take 10 months for me to invest the complete Rs 20 lakhs?

Or should I invest some other quantity? Your response is highly appreciated.

Ajit Mishra: Since markets are trading at all-time highs, we would recommend that you phase out your investment over 2-3 years and invest quality blue chip companies.

Sunil Philipose: I have shares of Karuturi Global LTD (KARGLO). Now, the company has filed for liquidation. Is it possible to sell my shares in future? Will I be able to get my investment money back?

Ajit Mishra: It would depend on the outcome of the insolvency proceedings. It is a penny stock. Please avoid investing in such stocks in the future.

Sohni: What do you suggest for Videocon shares? What effects it will have after insolvency after Vedanta takes over?

Ajit Mishra: Avoid.

Vidyadhar K Jadhav: I am holding following stocks. I seek your advice on whether to hold/add/exit.

Ajit Mishra:

Company	Recommendation
IOL Chem & Pharma	Hold
HDFC Bank	Hold
ICICI Bank	Hold
HDFC Life Insurance	Hold (Can add)
HDFC AMC	Hold
HDFC Ltd	Hold
Bajaj Finance	Hold
Asian Paints	Hold
Relaxo Footwear	Hold
Pidilite Industries	Hold
Indraprastha Gas	Hold
Navin Fluorine	Hold
Deepak Nitrite	Hold
L&T	Hold
TCS	Hold
Infosys	Hold
HUL	Hold
Granules India	Hold
Divis Labs	Hold
Reliance Industries	Hold

Tushar: Please advise about following stocks. Eagerly awaiting your opinion.

Ajit Mishra:

Company	Recommendation
SBI CARDS	Hold
M & M FIN	Hold
SHREE DIGVIJAY CEMENTS	Prefer Ultratech

Nandan Alok: I am having 2,500 shares of Reliance Power Limited @ Rs 14.20. Shall I sell or hold?

Ajit Mishra: 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.

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