Tag: Your Stocks

Experts recommend to hold Bajaj Finance, Asian Paints, and Titan; here’s why

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

Listen to the Article (6 Minutes)

In an interaction with CNBC-TV18, Gaurav Ratnaparkhi of Sharekhan, and Vijay Chopra of enochventures.com shared their reading on specific stocks, sectors, and markets.

They spoke at length about Bajaj Finance, Asian Paints, Titan, Tech Mahindra, NTPC, CAMS, Supreme Industries, Dixon Technologies, Larsen & Toubro (L&T), and PVR.

Bajaj Finance, Asian Paints, Titan

Chopra: All the three companies are quality companies, but in the recent carnage we have seen that all major players and even the Nifty 50 companies have cracked. These companies have the capability of quickly coming back. So hold on to these stocks.

Ratnaparkhi: Bajaj Finance has seen a nice base formation recently and has given a nice breakout in today’s session. The target I would be watching for is Rs 6,500 from short-term perspective and medium-term target will be Rs 8,000. I would recommend to hold on the stock. Asian paint is at a good level where one can add more on the long side. Staggered buying can be done in the case of Titan and once the stock breaks out from the level of Rs 2,200 on the upside, it can pick up sharp momentum on the upside. So definitely hold on to all these three positions.

Tech Mahindra

Ratnaparkhi: Tech Mahindra, the stock can continue to do well going ahead in the short term as well as medium term. Short term momentum indicators suggest or to hold on to the position, definitely one should add at this current level.

Chopra: Tech Mahindra seemingly is not the best to be in the IT space. If somebody wants to be in IT space, be with TCS. TCS is the leader of the pack and would revive faster. But again, Tech Mahindra is a great company, keep on holding with a stop loss of Rs 1,050 and if at all, it consolidates and moves up, you have to wait a bit longer, but these companies would surely come up.

Watch video for more

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

Your Stocks: Experts’ take on holding Motherson Sumi, Whirlpool, Exide Industries

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

Listen to the Article (6 Minutes)

In an interaction with CNBC-TV18, Rahul Mohindar of Viratechindia.com and Parthiv Shah of Tracom Stock Brokers shared their reading on specific stocks, sectors, and markets.

They spoke at length about Motherson Sumi, Intellect Design, Jubilant FoodWorks, Whirlpool, Exide Industries, Power Grid Corporation, and Poonawalla Fincorp.

Motherson Sumi

Shah: It is a company with a very strong management pedigree, and I feel that the current price factors in most of the negatives. If at all things tend to improve, probably we will see a massive recovery because of the automotive clients or the customer base that Motherson Sumi has. They are talking about better volume growth going ahead. So, I would suggest a hold.

Mohindar: After almost a 40 plus percent correction over this year itself, I think we are at, again, a strong support point. The 200-week moving average even comes in at Rs 110-115 level. I think this is not a point to attempt exiting or shorting. This is a point where you kind of watch and wait for a breakout. It is hard to time this, but there is evidence that this is a clear point where there could be a bit of price rotation and reversal. So, a clear hold from my side.

Intellect Design

Shah: Instead of Intellect Design, switch to a better name, maybe TCS or Infosys, after this recent correction. In terms of Intellect Design Arena being a mid-cap IT company with slightly elevated valuations, my sense is they will have major headwinds in terms of higher wage costs because this is an industry which is plagued with very high attrition rates. Also, there is a lot of competition in the verticals that they operate in.

Mohindar: I am worried again. In the short term, I have a target of about Rs 510 on the stock. So for me, it is really in a sell mode, particularly if I am looking at the short term. If you are looking at switching, I would agree to try and go into frontline IT stocks. But again, coming right into Infosys and TCS right now would not be prudent. If we get another 5 or 6 percent decline on those frontline heavyweights, that is when I would try and time it better.

Whirlpool

Mohindar: I think Rs 1,440 is the key support. The stock is already on a downtrend. Keep in mind that we are not too far away from those levels. So. this is really, again, a point where you may consider holding on but keep a clear stop loss below that Rs 1,440.

 Shah: I think very frothy valuations and what we are seeing is that the margins are almost halved thanks to the fact that the raw material input cost has been very heavy and there has been a lot of competition in the white good space, which is also creating a lot of issues for players like Whirlpool. I would again suggest a hold or do not add here because there could be some downside.

 Exide Industries

Shah: Exide Industries is quoting at reasonable valuations, and thanks to the fact that the zinc and the lead prices have started coming off, I think that should be helpful towards sustaining the margins. Also, they have massive plans in investments in the lead and even the lithium-ion battery space, which should give some traction. They have a very strong balance sheet thanks to the fact that they exited their Exide Life business, which as and when they start monetizing their balance sheet will be very cash-rich, and they will be able to invest in your business prices. So certainly hold on to Exide Industries.

 Mohindar: Exide likely to see Rs 130 in my opinion, so again, short-term looks a little difficult to me. I would keep the stock on a sell even now.

Watch video for more

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

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

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

Listen to the Article (6 Minutes)

[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.

Watch the accompanying video for more details.

Catch latest market updates with CNBCTV18.com’s blog

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

Experts’ take on why you should hold Tata Motors, Adani Ports, Axis Bank

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

Listen to the Article (6 Minutes)

In an interaction with CNBC-TV18, market experts Mayuresh Joshi of William O’ Neil and Rahul Sharma of Equity99 Advisors shared their views on stocks such as Tata Motors, Adani Ports, and Axis Bank. Here is a look at what they suggest investors should do.

Tata Motors

Joshi: I think the model that they have displayed looks stunning. If you look at the design and engineering, Tata Motors is getting the right stuff done in the right place at the right time. I think, from an investment horizon of 3-4 years, the entry points become Rs 446 if it starts crossing the 50-day moving average. It is creating a very nice stage around the Rs 525-530 mark. The second stage to add more might be once it crosses those levels.

Sharma: Tata Motors looks fairly strong. Keeping the time investment horizon of three to four years, it is definitely a good company to hold on to. The technical setup is also very much bullish on the long term charts, I think Rs 600 will be the level to watch out for on the upside.

Adani Ports

Joshi: Cargo movement is coming back sharply. The kind of mechanisation Adani Ports has will obviously affect a lot in terms of volume led margin growth for the company. But on the other hand, when you are probably talking about expectations in terms of how earnings will get laid out, they should be pretty stable. As volumes will grow exponentially in a post-COVID world, Adani Ports will benefit significantly. It is in a long consolidation phase and we believe that if it crosses the Rs 900 momentum can come back into the stock.

Axis Bank

Sharma: There is no point in taking out profits or booking profits if the horizon is for the long term. Axis Bank has got a huge potential to grow in the coming years. Although today the pressure is due to the result event. I think one should stay invested with confidence if the horizon is for the next five years. And if the horizon is long, one can always add on the declines.

Joshi: In the next couple of quarters, things will start improving for Axis Bank has a whole. It is a little bit below par today because of the sentimental effect on the numbers and trading below moving averages. But, largely, if it manages to spike up another Rs 15-16 and manages to stabilise around Rs 750-odd levels, I think that is one pivot level that we will probably look at, where the investor can even accumulate more if it sustains after today’s move and stays in that price band.

Watch the accompanying video for more

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

Why experts feel you should hold NHPC, Marico and HDFC

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

Listen to the Article (6 Minutes)

In an interaction with CNBC-TV18, market experts Shahina Mukadam and Ruchit Jain of 5Paisa.com share their views on stocks such as NHPC, Mangalam Cement, and more.

NHPC

Mukadam: “I believe one should continue holding this stock. NHPC because it is the only green power company that we have as of now. And they have got several projects that are in the pipeline. I think numbers should be decent. So. I would continue holding with a price target of Rs 44 stop loss of Rs 25.”

HDFC

Mukadam: “It’s a portfolio that one needs to have for the long-term, and I would be comfortable entering in at current levels, maybe with a stop loss of Rs 1,800, given the uncertainty of the way the market is moving. But I don’t see any issues with the merger. I think it will be earnings accretive from day one. And also, with the strong balance sheet, I think they will do much better. I would be comfortable buying it.”

Marico

Jain: “Overall trend remains positive. I believe that the downside seems to be very limited from here and if one is looking from the next five-year perspective then he has enough time to hold on to the volatility that will kick in in the short to medium term. So, my sense will be to continue to hold the stock. We could expect a target of somewhere around Rs 630.”

Mangalam Cement

Mukadam: “The competition overall will hot up in the overall cement space if a large player like Adani takes over the combined entity of Ambuja Cements and ACC. Having said that, I think Mangalam Cement is a smallcap in a very niche cement area. It has a very strong balance sheet and steady numbers. So, I would continue holding. I would see a price target of something like Rs 420 and a stop loss of Rs 360.”

Watch the accompanying video for more

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and 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

Experts’ take on why you should hold Metropolis Healthcare, Tata Steel and ICICI Bank

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

Listen to the Article (6 Minutes)

In an interaction with CNBC-TV18, Astha Jain, research analyst at Hem Securities, and Vaishali Parekh, head of tech research at Prabhudas Lilladher, shared their views on stocks such as Metropolis Healthcare, steel stocks, ICICI Bank, InterGlobe Aviation, and more. Read to find more on whether you should hold the stock or make an exit and why.

Metropolis Healthcare: Maintain position 

Parekh: Right now, we are seeing a trend reversal happening. If you are really lucky, this will bounce back to Rs 3,000 levels. One can exit at those levels. Even at this level, I would suggest investors keep a stop loss of Rs 2,200 and hold on till Rs 3,000 so that they can minimise losses.

Jain: I think there is some pain left in the stock, but one should maintain the position. The initial targets can be at Rs 3,000, but see the results of this quarter closely. In case they are not up to the mark, I would advise exiting the position. But till that time, one can wait.

Steel stocks:  Tata Steel is a favourite

Parekh: My picks would be Tata Steel and Jindal Steel and Power. I would also recommend Hindalco Industries because I see a big corrective move, from Rs 630 levels to Rs 480. So, I think we are at good attractive levels to buy these stocks.

Jain: In the steel stocks, our preference is for Tata Steel, and we are expecting a strong set of numbers. Although the rise in coking coal prices will impact the margin, I feel Tata Steel is a company in this sector which will be performing well. Our target for Tata Steel is around Rs 1,700 in the long term.

Banking stocks: ICICI Bank versus HDFC Bank

Parekh: Can buy ICICI Bank, but purely not on a trading perspective because that market can see a bit of a corrective move. But for a longer-term vision, it is a very appropriate time to buy.

Jain: I like ICICI Bank over HDFC Bank because of the kind of results it posted. They have reported a strong set of numbers. I think that accumulation is a better strategy. So, on every dip, ICICI bank should be bought, and our price target is Rs 830-850 levels in the medium- to long-term.

InterGlobe Aviation:  Trend is down

Parekh: Right now, the trend is down, we can see a further corrective move coming in at Rs 1,700-odd levels. But the confirmation of these trends comes only above Rs 2,000 levels. I would say one should book partial profits and get back at lower levels.

Jain: I think the move we have seen should continue because the firm has a strong market share of 54 percent in the low-cost carrier segment, and the opening up theme is playing out in India very well. We have seen some sort of correction in the near term but, in the longer term, I feel the company will be able to post strong set of numbers. Rs 2,200 is the price target of InterGlobe Aviation, and I would recommend hold on the stock.

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

Catch the tick-by-tick coverage of today’s market action here

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)

Listen to the Article (6 Minutes)

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.”

Watch the accompanying video for more

Catch all stock market updates here

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