'Presently market is falling down due to coronavirus. Shall I invest now or wait? Also please suggest some companies?'
'What should I do as the market is falling daily?'
Ajit Mishra, vice president, Research, Religare Broking answers your queries.
Sahil Mittal: I am holding below mentioned stocks. At what time should I exit?
Ajit Mishra:
- CMI 200@29.83 (Average Cost Price) -- Exit
- INDOIL 60@148.94 (Average Cost Price) -- Hold for 2-3 years, Can average 30% now as well.
- STABAN 15@238.18 (Average Cost Price) -- Hold for 2-3 years
Dinesh Acharya: Following stocks in my portfolio with -ve returns. Exit, hold any of the above. Is it prudent to sell even if only about 25-45% of the Invested amount maybe salvaged.
Ajit Mishra:
- Nocil -- Exit
- Alphageo -- Exit
- Amaraja -- Exit, prefer Exide Industries
- Bhansali Engineering -- Exit
- Everest Industries -- Exit
- KRBL,Pokarna -- Exit
- Steel Strips Wheels -- Exit
- Sterlite Technologies -- Exit
Karthick Karthick: I have yes bank shares, just wanted to know keeping yes bank shares good or its better to sell.
Ajit Mishra: It largely depends upon what is the price of accumulation. If it's near 300, it is unlikely that the share price would touch those levels in the next 1 year or so. However, if one has bought it recently then one can continue to hold. However, any fresh buying should be avoided.
Vikram: Greetings of the day. I entered stock market later part of last year and invested around 7.4 lakhs over the next few months.
Ajit Mishra: Focus -- mid to long term investment. I am also regular SIP investor in mutual funds. So, stock market investment is quite new in my portfolio. Some of the stocks have done well, but most of them have crashed in the recent weeks. Would you be able to provide your opinion o`n the following -- buy, sell or hold. Looking forward to your opinion on this.
Amish: YESBank (bought at avg process of 54. And now it is 17. Sell or any future chances of revival?). What about the rest?
Ajit Mishra: The new promoter and additional funds are positive. Therefore, hold the stock and allocate only minimal portion of your equity portfolio
- AB capital -- Exit
- Apollo tyres -- Hold for 2-3 years
- Canfin homes -- Exit
- Deltacorp -- Exit
- Hdfcbank -- Hold
- Hdfclife -- Hold
- IBventures -- Exit
- ICICI bank -- Hold
- L&TFH -- Hold
- JMfinancil -- Exit
- Indiacem -- Exit
- Meghmani organics -- Exit
- Reliance industries -- Hold
- Simplex infra -- Exit
- Spencer's -- Exit
- Tirumalchems -- Exit
- Vindhyatelelinks -- Exit
Abhijeet K: What should I do as the market is falling daily. I have holdings of:
Ajit Mishra:
1. Permanent Magnet Share Avg buy price @102.91 -- Exit
2. Ashok Leyland share Avg. buy price @ 83.10 -- Hold for 2-3 year, can average 25-30% as well.
Dr Anjani Kumar Shukla: I have purchased following stocks which are showing great loss. Details are as under. Please advice what to do?
Ajit Mishra:
1. Karnataka Bank Ltd@80/per share -- 500 shares -- Exit
2. Future Consumer Ltd@ 46/ per share- 100 shares -- Exit
3. Hathaway cable & Datacom Ltd@ 70/ per share -- 500 shares -- Exit
4. L & T Financial @ 53/ per share- 500 shares -- Hold for 2-3 years
Radhika Agrawal: I have 1400 shares of YESBANK and my buying was Rs38. Please advice on what should I do with the shares? Should I hold it or sell it off at market price?
Ajit Mishra: The new promoter and additional funds are positive. Therefore, hold the stock and allocate only minimal portion of your equity portfolio
Shivraj Munavalli: Presently market is falling down due to coronavirus, shall i invest now or wait? Also please suggest some companies.
Ajit Mishra: If you are a long term investor (2-3 years), this is a good opportunity to invest into some of the bluechip companies like Reliance Industries, ICICI Bank, HDFC Bank, Britannia Industries, Maruti Suzuki and Dabur. Given the current volatility, invest in a staggered manner in the above stocks.
K. MAHESH KUMAR: I have bought below shares as long term investment and suggest me whether I can hold these shares or sell it?
Ajit Mishra:
- Suven Life Sciences: 7000 Shares @54 Rupees -- Exit
- CubexTubing : 11000 shares @19 Rupees. Exit
sreekumarpillai: What are the 10 stocks to invest in or do averaging based on the current market situation? Also, please advise good dividend yield stocks for a senior person approaching retirement.
Ajit Mishra: 10 stocks for investment -- Reliance Industries, ICICI Bank, HDFC Bank, Dabur, Britannia Industries, Maruti Suzuki, HDFC Life Insurance, ICICI Lombard, Voltas, and Havells.
For dividend yield stocks go for Vedanta, ONGC, HPCL, Power Grid, and NHPC.
QA SANPRAS: I am a moderate risk taker. Should I get ITC stock?
Ajit Mishra: ITC has sound fundamentals, however instead of focusing on one stock in the FMCG space, we would recommend to allocate money into other stocks as well like Dabur, Britannia Industries, Godrej Consumer products.
Rakesh Kumar Agarwal: I have invested about 75000 in Hindustan Zinc, National Aluminium and Hindalco and all these stock are nearly 35% down from my purchase price!!!I am not a trader. Please advise.
Ajit Mishra: The correction is mainly on account of sharp correction in their respective commodity prices. All three stocks have decent fundamentals, however the sector itself in which they operate are highly cyclical. Therefore, if one has the risk appetite for the swings then hold for 2-3 years (can average 30% also) or else exit.
Rajneesh Bankura: Please advise. My portfolio is given below.
Ajit Mishra:
1. Dilip Buildcon Ltd: 1115 shares @412 (this is showing maximum loss as on date. Shall i hold in short term or sell? Any scope of recovery?) -- Sell
2. HDFC Bank: 215 shares @1249 -- Hold, can average as well
3. Pidilite Industries: 25 shares @1565 Hold
4. Jindal Steel and Power: 210 shares @199 Exit
5. Gail India: 110 shares @126 Hold
6. JSW Energy: 400 shares @65 Exit
7. Balkrishna Industries: 15 shares @1148 Hold for 2-3 years
8. Bharti Airtel: 100 shares @565 Hold
jagdishmanhas: Am holding 2361 J&K Bank shares @ 41.5. Kindly advise whether i hold, buy or sell this share since it's trading below 20 today.
Ajit Mishra: Sell.
Maitrey: I am holding 20000 shares of National fertilizers @ 35. And 50000 shares of kesar petro products @ 8.Kindly advise if should hold or sell? Thank you.
Ajit Mishra: Exit both these stocks.
D M Desai: I would like some advice on:
Ajit Mishra: Kiri Industries (Dye&Pigment) Kindly lead me some about information on fundamentals and on investment idea.
The company's financial performance has not been encouraging, therefore its better to exit the stock.
APURVA BHUPENDRA SHAH:Please suggest for below mentioned share for long term hold or exit?
- RELIANCE INDUSTRIES -- Hold
- ICICI BANK -- Hold
- L & T FIN -- Hold
- ICICI LOMBARD -- Hold
- GODREJ AGRO -- Hold
- SBI LIFE -- Hold
- HDFC STD LIFE -- Hold
- AMBER -- Hold
- BANDHAN -- Exit
- RVNL -- Exit
- DBL -- Exit if its Dalmia Bharat
- L & T INFO -- Hold
- UNITED SPIRIT (MAC D) -- Hold
- ICICI PRU -- Hold
- ASIAN PAINTS -- Hold
- VARUN -- Hold
- HEXAWARE -- Hold
- HPCL -- Hold
- SOV. GOLD BOND -- Hold
- EXIDE -- Hold
- PFC -- Exit
- NIPPON ETF GOLD BEES -- Hold
- RITES -- Exit
- R SYSTEM -- The company has decent fundamentals, however the amarket cap is too low. So exit
- BOROSIL -- Exit
- BHARTI INFRA -- Exit
- MASTEK -- Exit
- ALKEM LAB -- Hold
- STAR (STRIDES) -- Exit
- CASTROL -- Hold
- RBL BAK -- Exit
- AUROPHARMA -- HOld
- INFIBEAM -- Exit
- MOTHERSON -- Exit
- MAN INDUSTRIES -- Exit
- TATA ELXI -- Hold
- VIP IND -- Hold
- REC -- Exit
- IOC -- Hold
- GRANULES -- Hold
- CDSL -- Hold
- MEGHMANI -- Exit
- SBI -- Hold
- GHCL -- Exit
- HDIL -- Exit
- POWER GRID -- Hold
- DLF -- Exit
- APOLLO MICRO SYSTEMS -- Exit
- RAT IND POWER -- Exit
- IFCI -- Exit
- NTPC -- Exit
- RIL POWER -- Exit
- SAIL -- Exit
- SUZLON -- Exit
- VEDANTA- Hold
- JM FIN -- Exit
- COAL INDIA -- Exit
- MOIL -- Hold
- ARVIND -- Exit
- KARUR -- Exit
- GPPL -- Exit
- MBL -- Exit
- TATA MOTORS -- Hold only if having 3-4 years view
- ESL STEEL (DELISTED) -- Exit
- PARAG MILK -- Exit
- I BULLS NCD -- Can look to exit.
- CG POWER & I -- Hold
- GIC -- Exit
- BHARAT DYNEMIC -- Hold
- HAL -- Hold
- KARDA -- Exit
- PETRONET LNG -- Hold
- NOCIL -- Exit
- UFO -- Exit
- JKIL -- Exit
- TFCI -- Exit
- IRCON -- Hold
- COCHSH -- Hold
- ARIES -- Exit
- HG INFRA -- Exit
- PRECISION WIRE -- Exit
- SANDHAR -- Exit
- BEL -- Hold if having 3-4 year view
- ASHOK LEYLAND -- Hold for at least 2-3 years
- DHFL -- Exit
- NALCO -- Hold
- TATA POWER -- Exit
- ENG IND -- Exit
- IND HUME PIPE -- Exit
- YES -- Hold
- EMAMI -- Hold
- GATI -- Exit
- EQUITAS -- Exit
- PTC FINANCE -- Exit
- BSE -- Exit
- GRAPHITE INDIA -- Exit
- SREI INFRA -- Exit
- NLC -- Exit
- APOLLO TYRES -- Hold for atleast 2-3 years
- SKIPPER -- Exit
- GAIL -- Hold
- VAKRANGEE -- Exit
- I BULLS FIN -- Exit
- UNITECH -- Exit
Shamsur Rahman: Kindly tell me about Lanco infra LITL. I have 1 lakh shares. What should i do? What about Jaypee Infratech and Jaiprakash Associates. Should i hold or buy or sell?
Ajit Mishra: The fundamentals are not good for the companies mentioned, therefore its better to exit all three.
Jay Deshpande: I have following holding, kindly advise should I continue to Hold or Exit. Also suggest some good stocks with 3 to 5 years horizon. I have plans to invest about 25,000/month going forward. Sir, kindly guide me as I want to build a good portfolio for my retirement in next 10 years, my current age is 41 years.
Ajit Mishra:
- BOB holding 115 shares @ Rs.164.85 -- Hold
- Bharat 22 ETF holding 417 shares @ Rs.35.97 Hold
- Cipla holding 30 shares @ Rs.570.29 -- Hold
- GMR Infra holding 100 shares @ Rs.26.84 -- Exit
- HDFC Life Insurance holding 50 shares @ Rs.443.37 -- Hold
- IOCL holding 70 shares @ Rs.188.40 -- Hold
- ICICI Securities holding 66 shares @ Rs.497.31 -- Hold for atleast 2-3 years
- Infosys holding 15 shares @ Rs.652.24 -- Hold
- Ircon International holding 30 shares @ Rs.475 -- Hold
- LIC HFL holding 50 shares @ Rs.503.12 -- Hold
- L&T holding 25 shares @ Rs.1301.06 -- Hold
- ONGC holding 70 shares @ Rs.207.20 -- Exit
- Sterlite Tech holding 35 shares @ Rs.329.56 -- Exit
- Tata Motors holding 50 shares @ Rs.274.64 -- Hold for 3-4 years
- Wipro holding 33 shares @ RS.208.44 -- Hold
- Yes Bank holding 100 @ Rs.197.78 -- Hold, don't average
- Zee Entertainment holding 60 shares @ Rs.277.45 -- Exit
Some of the good stocks one can include are HDFC Bank, ICICI bank, Britannia Industries, Dabur, Reliance Industries, and Maruti Suzuki
Yogini Vora: I am holding following shares in my portfolio. Kindly advise whether to hold or sell them? Expecting your favourable response at the earliest.
Ajit Mishra:
- ADANI GAS LIMITED 113 -- Exit
- ASTRA MICROWAVE PRODUCTS LTD 50 -- Exit
- BHARAT ELECTRONICS LTD 122 -- Hold
- BLISS GVS PHARMA LTD. 129 -- Exit
- BRIGADE ENTERPRISES LTD 43 -- Exit
- CAPLIN POINT LABORATORIES LTD. 247 -- Exit
- CASTROL INDIA LIMITED 212 -- Hold
- DISH TV INDIA LIMITED 32 -- Exit
- EICHER MOTORS LTD 24900 -- Hold
- FIRSTSOURCE SOLUTIONS LIMITED 72 -- Exit
- GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED 133 -- Exit
- HIKAL LIMITED 134 -- Exit
- INDUSIND BANK LIMITED 1150 -- Exit
- MAHINDRA LOGISTICS LIMITED 429 -- Hold
- MARUTI SUZUKI INDIA LIMITED 7918 -- Hold
- MOIL LIMITED 243 -- Hold
- MSTC Limited 96 -- Exit
- NATIONAL ALUMINIUM COMPANY LIMITED 62 -- Hold
- NCC LIMITED 61 -- Exit
- ORIENT CEMENT LIMITED 108 -- Exit
- PC JEWELLER LIMITED 61 -- Exit
- STERLITE TECHNOLOGIES LIMITED 126 -- Exit
- TATA MOTORS LIMITED 250 -- Hold only if having 3-4 year view
- TATA STEEL BSL LIMITED 73 -- Exit
- THE JAMMU & KASHMIR BANK LTD. 35 -- Exit
- TITAGARH WAGONS LIMITED 120 -- Exit
- VEDANTA LIMITED 207 -- Hold
- ZEE MEDIA CORPORATION LIMITED 17 -- Exit
Praphhulla Deshpande: WANT TO DO SIP FOR THESE STOCKS (10-12 OUT OF THE ABOVE). MY PICKS ARE AS FOLLOWS:
Ajit Mishra:
- HDFC -- SIP
- HDFC BANK LTD -- SIP
- KOTAK MAHINDRA BANK -- SIP
- HDFC LIFE -- SIP
- HDFC AMC- SIP
- RNAM AMC -- SIP
- SBI LIFE -- SIP
- BAJAJ FINERV
- BAJAJ FINANCE -- SIP
- CHOLAMANDALAM INVESTMENTS
- TCS -- SIP
- INFOSYS -- SIP
- L & T -- SIP
- ASHOK LEYLAND
- BAJAJ AUTO -- SIP
- RELIANCE -- SIP
- V MART
- HUL -- SIP
- ITC
- HAVELS -- SIP
- L & T INFOTECH
- IRCTC
Gaurav kumar Pal: I will be really grateful if you can advise me on my portfolio. I have been holding this for a long time. Request your suggestions on my portfolio. Please advise for next 3 year to 5 year.
Ajit Mishra:
- PUNJAB NATIONAL BANK 500@75.63 -- exit
- SHRIRAM TRANSPORT FINANCE CO 20@1141.82 -- Prefer Bajaj Finance
- UJJIVAN SMALL FINANCE BANK LTD 270@55.37 -- Exit
- COLGATE-PALMOLIVE (INDIA) LTD 30@1277.27 -- Hold
- PC JEWELLER LIMITED 1130@68.96 -- Exit
- INFOSYS LTD 25@719.28 -- Hold
- GK CONSULTANTS LTD 10@869.06 -- Exit
- INDIAN OIL CORPORATION LIMITED 225@135.25 -- Hold
- OIL AND NATURAL GAS CORPORATION 350@151.55 -- Exit
sharathkumar: I have HPCL 1200 qty @ 264 what should i do & how is the future of this company? Also I have SCI 500 @ 64 and Madras Fertilizer 1000 @ 30
Ajit Mishra: One can hold HPCL for long term, however both the other stocks should be exited
Parimal Shah:I am holding the below mentioned various shares from approx last 2 to 7 years. Request to please share your expert opinion for the same.
- Adani Power Ltd. -- Exit
- Deccan Gold mines Ltd. -- Exit
- Divi's Lab -- Exit
- Elecon Engg. -- Exit
- Firstsource Solutions -- Exit
- GMDC -- Exit
- Guj State Petronet -- Hold
- IVRCL -- Exit
- JSW Steel -- Hold
- Jaiprakash Power Venture -- Exit
Sekhar Mahabhashyam: Request you to adviae me on the shares which I have to hold, buy, sell, avoid or exit. Kindly advise if I need to further accumulate on any of the shares I already have.
Ajit Mishra:
- 3i Infotech -- Exit
- Alok Industries Ltd. -- Exit
- Andhra Bank -- Exit
- Apollo Tyres -- Hold, can average 30%
- Ashok Leyland -- Hold, can average 30%
- BSE -- Exit
- Balkrishna Ind. -- hold for 2-3 years
- Bank of Baroda -- Hold
- Bharat Electroni -- Hold for 2-3 years
- Bharat Heavy Ele -- Exit
- Biocon -- Hold
- Chennai Petro. -- Exit
- City Union Bank -- Exit
- Coal India -- Exit
- Coral India Finance -- Exit
- Electrotherm -- Exit
- Graphite India Ltd. -- Exit
- Guj. Mineral Dev -- Exit
- GujaratStatePetronet -- Hold
- HBL Power Systems Ltd -- Exit
- Hind. Copper -- Exit
- Hind. Petrol -- Hold
- ICICI Pru Life -- Hold
- IDFC First Bank -- Hold
- IDFC L -- Exit
- Indian Oil Corp -- Hold
- Jammu & Kashmir Bank -- Exit
- MIC Electronics Ltd. -- Exit
- MOIL Ltd. -- Hold
- Manappuram Finance -- Hold
- NHPC -- Hold
- NMDC Ltd. -- Hold
- NTPC -- Exit
- ONGC -- Hold
- PTC India -- Exit
- Phillips Carbon -- Exit
- Power Finance Co -- Hold
- Power Grid Corpo -- Hold
- REC -- Hold
- Reliance Infrastruct -- Exit
- Reliance Naval -- Exit
- Rolta India -- Exit
- Sterlite Technologie -- Exit
- Suzlon Energy Ltd. -- Exit
- Tata Steel -- Hold
- Unitech Ltd. -- Exit
- V-Guard Ind.Ltd. -- Exit
- Vakrangee -- Exit
- Vedanta -- Hold
- Vodafone Idea L -- Exit
- Wipro Ltd -- Hold
JIGNESH T RAY: I am holding Tata Motors 2200 @215 and IDFC First Bank 11000@48. What would be your advice for both the stocks whether to sell or buy or hold?
Ajit Mishra: For Tata Motors, if one has 3-4 years view then only hold, or else exit.
IDFC Bank -- Exit
Rakesh Kumar: We always get benefited from your valuable advice. Please provide your opinion after Q3 result of NOCIL, as I have 1500 shares @ Rs 135 and South Indian Bank 2850 shares @ Rs 20. Please also guide on IRCTC at current level.
Ajit Mishra: The numbers for Nocil in Q3FY20 has been disappointing, however the numbers were expected given the lower demand offtake. In terms of view, the company has decent fundamentals, however given the uncertainty in the business outlook, it is better to avoid at this time.
- South Indian Bank -- Avoid
- IRCTC -- The stock has seen a massive run-up and then a sharp correction as well due to coronavirus outbreak. We would recommend to accumulate in a phased manner.
Parimal Shah: I am holding the below mentioned various shares from approx last 2 to 7 years. Request to please share your expert opinion for the same.
Ajit Mishra:
- Jyothy Lab -- Exit, prefer Britannia
- K Sera Sera -- Exit
- Digvijay Cement -- Exit
- Suzlon Energy -- Exit
- TCS -- Hold
- Tata Steel -- Hold
- Unitech Ltd. -- Exit
- Baroda Extrusion -- Exit
- GNFC -- Exit
- KirloskarFerrus -Exit
PREKSHA SHAH: I am holding the below mentioned various shares from approx last 1 to 7 years. Request to please share your expert opinion for the same.
Ajit Mishra:
- Kirloskar Oil -- Exit
- Reliance Capital -- Exit
- Reliance Industries -- Hold
- Reliance Infra -- Exit
- Tamilnadu Petro Product -- Exit
- Eris LIfescience -- Exit
- ICICI Lombard -- Hold
- ICICI Pru Life -- Hold
- Laurus Lab -- Exit
- Mishra Dhatu Nigam -- Hold
- RBL Bank -- Exit
- BSE -- Exit
- HUDCO -- Exit
- KHADIM India -- Exit
- PNB Housing Finance -- Exit
- SBI -- Hold
- United spirit -- Hold
- Garden Reach Shipping -- Exit
- HDFC AMC -- Hold
- Rail VikasNIgam Ltd -- Exit.
- Polycab India -- Hold
- HDFC Bank -- Hold
Yogesh V: Please let me know your opinion on below shares.
Ajit Mishra:
- ASHOK LEYLAND (ASHOKLEY)- 162 Shares @ Rs. 92.36 -- Hold, can average 25-30%
- Bajaj Electrical (BAJAJELEC)- 50 Shares @ Rs. 606.14 -- Exit
- Mahindra & Mahindra Finance (M&MFIN)- 55 Shares @ Rs. 410.31 -- Hold
- TATA MOTORS- 536 Shares @ Rs. 261.72 -- Hold only if having 3-4 year view
birendar yadav: I want to make an investment (SIP) for my son age 25 yrs in the following MFs @ Rs 1000 pm in each fund. Request advise
Ajit Mishra:
1. HDFC Top 100 fund
2. HDFC Hybrid equity fund
3. Mirae asset tax saver fund
4. Axis long term equity fund
5. Axis blue chip fund -- direct
6. SBI magnum multi cap -- direct growth
7. SBI equity hybrid fund -Reg plan growth
All the funds mentioned are decent. We would recommend investing through SIP in 5 of the above funds spread across market caps.
Illustration: Uttam Ghosh/Rediff.com
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.
