ASK AJIT: 'This stock hits circuits often. What to do?'

'Why is there so much movement in this share? Is anything big expected to happen in this company?'

Illustration: Uttam Ghosh/Rediff.com

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

Teegavarapu Prasad Rao: I am holding 10000 shares of Karnataka Bank, at Rs.173/-. Please advise me what to do. –

Ajit Mishra: Prefer large private sector banks like HDFC Bank, ICICI Bank, Axis Bank and SBI,

Shailashree: I am holding these stocks from long time. Please suggest should I hold or exit.

Ajit Mishra:

Name	Qty	hold price	Recommendation
TATACONSUM	11	823.79	Hold
MOTHERSUMI	175	203.4	Hold
LICHSGFIN	10	475.65	Exit
DISHTV	250	83.14	Exit
RITES	150	180.26	Hold
CANBK	88	275.05	Exit

Vijay Ulagam: I am holding following shares pls suggest which one for long term. All brought after jan 2021.

Ajit Mishra:

Company	No of shares	Recommendation
Balajiamines	25	Hold
Berger paints	56	Hold
Deepak nitrate	51	Hold
Exide	265	Hold
Fine organi	26	Hold
India pesticide	80	Hold
Jaiprakash	6000	Exit
Kalyan	700	Exit
Rupa and co	65	Hold
Sumaya	20	Exit
Syncom	1000	Exit
Tcs	33	Hold
Texmaco	300	Exit

Mahesh Kumar: I have the below portfolio from last 1 year. Please give me some advice.

Ajit Mishra:

Company	Recommendation
Bank of Baroda	Prefer SBI
Indiabulls housing finance	Exit
M&M financials	Hold
Punjab National bank	Prefer SBi
RBL bank	Prefer ICICI Bank
Tata chemicals	Hold
Tata consumer	Hold
VEDL	Switch to Tata Steel in this space

Rakesh Todupunuri: I hold following stocks, and want to hold them for long term, please advise if I should continue to hold or exit any of them.

Ajit Mishra:

Stock	Quantity	Price	Recommendation
Alembic	430	119	Hold
Clariant Chemicals	675	605	Exit
Ircon	1000	42	Exit
NLC India	1600	55	Exit
power grid corp	250	191	Hold
Sinclairs hotels	1000	51	Exit
SJVN	4000	26	Exit
SBI	100	435	Hold
Exide	595	171	Hold
Wonderla	250	210	Exit
TNPetro	880	122	Exit
LIC hsng fin	210	434	Exit

Shyamal V Mehta: I have Tata Teleservices (Maharashtra) Ltd (TTML) shares; it is quoted today around Rs 237. It has gone up twice (once up to Rs. 189 and then again up to Rs. 291) with upper circuit breakers and once went down to Rs.36 or so. Now it has again started downward movement (Rs. 291 to Rs. 237). Is it worth buying more if they come down under Rs. 100? Why is there so much movement in this share? Is anything big expected to happen in TTML?

Ajit Mishra: TTML is at the forefront of digitalisation with its comprehensive portfolio of connectivity and cloud solutions. Positives are it has extensive and robust wire-line network as well as it has the largest portfolio of smart solutions involving cloud & SaaS, collaboration, connectivity, IoT, marketing & cyber security solutions. The company is taking efforts to strengthen its product portfolio and has launched enterprise grade solutions like Smartflo, Smartoffice, Smart Internet, SD-WANIflx, cyber security portfolio, etc. which bodes well with the company’s growth plan. Going ahead, overall increase in end user demand, up-gradation in technology and launching more solutions products will drive growth. Further, TTML’s group company, Tata Group is planning to launch Tata’s SuperApp and 5G plans and this may benefit TTML in the medium term.

However, the company’s financials seem weak, as revenue is muted and it is posting losses. Besides, it has high debt on books but as TTML is backed by Tata group, so debt obligations are expected to be met. Further, in the last one year the stock price has seen strong run-up. It’s prudent to wait for some meaningful turn-around in the financials.

Iyer: I have bought 70 shares of D mart at 4475. Pl advice as to what to do at current price of 4300.

Ajit Mishra: Hold for 2-3 years at least.

MB: Please advise me on my current holdings. Also, if you could also recommend any stocks for short term.

Ajit Mishra:

Spicejet 500 @ 130rs – Prefer Interglobe

South indian bank 1000 @ 30 rs – Stick to large private sector banks

You may consider with Techm, Deltacorp, TataPower, Divi’s Lab.

Vikrant Kumar: I wish to invest Rs. one lakh in stock market for long term basis so can you suggest some good blue chip companies to invest and earn good return.

Please advise with your comments.

Ajit Mishra: You may consider investing in ICICI bank, M&M, Ashok Leyland, Britannia Industries, Dabur, TCS, Reliance and Bharti Airtel

Alexander Varghese: I am holding the following stocks. Pls advise on the long term prospects for the same as mentioned below.

Ajit Mishra:

ADANI PORTS	Hold
Ambuja Cement	Hold
ASIAN PAINTS INDIA LTD	Hold
Avenue Supermarts Ltd.	Hold
BIRLASOFT	Hold
CESC	Exit
DIVIS LABS	Hold
ESCORTS	Hold
GUJARAT GAS	Hold
HAPPIEST MINDS	Hold
HDFC BANK LIMITED	Hold
HINDALCO INDS LIMITED	Hold
HINDUSTAN UNILEVER LIMITED	Hold
IDEA VODAFONE	Exit
IDBI BANK	Exit
INFOSYS	Hold
IRCTC	Hold
ITC LIMITED	Hold
KPIT TECH	Hold
Larsen & Toubro Infotech Ltd.	Hold
LARSEN AND TOUBRO LIMITED	Hold
LATENT VIEW ANALYTICS	Hold
LAURUS LABS	Hold
MOTHERSON SUMI SYSTEMS LIMITED	Hold
NMDC	Hold
PIDILITE INDUSTRIES LTD	Hold
RAMKRISHNA FORGINGS	Hold

SONA COMSTAR LTD	Hold

Sterlite Technologies Ltd.	Exit on rise
SUDARSHAN CHEMICALS	Hold
SUN PHARMA	Hold
TATA CONSULTANCY SERVICES LTD	Hold

TATA CONSUMER LIMITED	Hold
TITAN COMPANY LIMITED	Hold

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.

You can find more of Mr Mishra's answers here.