Tag: Gaurang Shah

Why you should hold Route Mobile and invest in KPIT and Titan

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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[wealthdesk shortname=”Route” isinid=”INE450U01017″ bseid=”543228″ nseid=”ROUTE” sector=”IT Services & Consulting” exchange=”nse”]

In an interaction with CNBC-TV18, market experts Rajat Bose of Rajatkbose.Com and Gaurang Shah of Geojit Financial Services shared their views on stocks such as Route Mobile, KPIT Technologies, Titan, Axis Bank and ICICI Bank. Here is a look at what they suggest investors should do.

Route Mobile

Shah: “Route Mobile – first of all a disclosure, we had a recommendation on the IPO way back in September of 2020. The reason why we did have our coverage on the IPO was because of the business model, and the niche area where the company caters to. In terms of peer comparison, not many – according to my understanding and knowledge. Now, the caller got in at Rs 1,683 and the stock is hovering around those levels – slightly below his acquisition price. If you can give time, stay invested since we had a coverage during the IPO and post that the stock has made multiple highs and reached multiple higher levels. If you are not in a hurry, stay invested. And if you do get opportunities on bad day at a lower levels than your early acquisition price, you can even add on dips.”

Bose: “This stock had a high last year on July 5 at Rs 2,307 and again on October 12 at Rs 2,389. And after that there has been a correction in which it almost touched Rs 1,400 around early March or so or late February. After that it is trying to move up, it hasn’t been able to take out the 200 day exponential moving average, which is currently located at Rs 1,675. So my suggestion would be that he should continue to hold on and once it takes out Rs 1,700 levels, I would expect a good recovery in this. In fact, the correction is almost a year old. So probably Route Mobile is headed for higher levels and put a stop loss below Rs 1,500. But only thing that I would like to tell him is that if you are investing in a stock like Route Mobile, the long term period should not be two years, give it more time, I think it will do even better. Of course, we are living in a day of day trading and say short term trades and all that but being a long term investor, you at least give it three years, I think it’s going to do very well for you.

Titan, KPIT Technologies

Shah: “Both the stocks are acceptable and the great pedigree stocks go ahead with KPIT Technologies and Titan from a long term point of view. And if I were to advise two more stocks, then it would be from private sector banks. We’ve seen the numbers from both these banks very recently, last week and the week before Axis Bank and ICICI Bank – fantastic set of numbers. So have a look at these two also. And since you have a 5 to 10 year time horizon, my advice would be that don’t restrict yourself to Rs 5 lakhs. Once you have invested the entire Rs 5 lakhs. In future as you go on having more investable amount, add to the stock and maybe accordingly you increase the number of stocks you can definitely call in again in Your Stocks and ask for more investment ideas.

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Disclaimer: The views and investment tips expressed are not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Expert views: Why you can hold Sanofi India, IDFC First Bank, Sequent Scientific

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In an interview with CNBC-TV18, market experts Ashish Kyal of Waves Strategy Advisors and Gaurang Shah of Geojit Financial Services share their views on stocks such as Sanofi India, Bajaj Hindusthan, IDFC First Bank and more.

Sanofi India

Shah: “I would advise to hold on to Sanofi India. And just in case if you do get days like this, when you see correction coming in and if the stock Sanofi India is available at lower level – lower than the acquisition price – then I would advise to add on to Sanofi India.”

Kyal: “As far as Sanofi India is concerned, we have seen some sharp selloff but it has a very important support around Rs 6,900. So let’s see if there is a possibility of a bounce back from these levels. So hold on over here for Sanofi India, keep a stop loss just below that support level Rs 6,850.

IDFC First Bank

Shah: “You can hold on to it, we have a coverage. It’s going to be a long wait with patience for IDFC First Bank because here again, the stock recovers but then again it succumbs under selling pressure and moves back to maybe those Rs 40-45 levels or maybe thereabouts. So hold on to IDFC First Bank if you get it at sub 40 levels, closer to Rs 35. On bad days you can even average IDFC First Bank.”

Bajaj Hindusthan

Kyal: “The investor has acquired it at a very decent price, I would advise to book some partial profits here and continue to ride the trend because the overall sector has been doing exceptionally well and we can see Bajaj Hindusthan possibly moving towards that Rs 24-25 mark. So, hold on to the stock here, use a trailing stop loss of around Rs 19 that will ensure that he’s at least not getting out of the stock at a loss. So hold on over here.”

Restaurant Brands India

Kyal: “Burger King has a very important support around Rs 95-96 levels, it formed a double bottom trying to form some kind of a base formation. So hold on over here, which is now known as Restaurant Brands. And I think there is a possibility we can see a level of Rs 125 on the upside. So hold on to Burger King, use Rs 95 as a stop loss, and Rs 125 is where he can then look forward for his positions to book out.”

Sequent Scientific

Kyal: “The trend has been on the downside for some time, nearly almost a year now. But there is some kind of positive divergence we are seeing, I’m expecting that the stock can possibly move towards the level of Rs 160-170 on the upside, which is closer to his price. So hold on over here as well. Rs 120 is the stop loss on the downside for this stock.”

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow