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'Advisable to invest in markets now?'

Last updated on: May 07, 2021 09:35 IST

'Is it advisable to invest in the market with a horizon of 3-4 years period?'

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

Abraham Zachariah: Currently, the market is on an upward trend. There are various reports the market is due for a correction. Is it advisable to invest further in the market as an investment with a horizon of 3 - 4 yrs period? As I have retired from service, seek your advice on 5-10 fundamentally good stocks to be added as an investment.

My current shares, some of which are in loss or on hold. Please guide me further, what to do and apologies for the long list.

Kindly reply by return mail as per your convenience.

Ajit Mishra: You can invest in stocks such as M&M, Bharti Airtel, Dabur, Britannia, Lupin, Sun Pharma, TCS, Crompton consumer.

Company Name	No of shares	BUY Price	Recommendation
Ashok Leyland	8000	75.00	Hold
Indusind bank	2500	450.00	Hold
Torrent Power	100	295.50	Hold
Hindustan Copper	900	38.50	Exit
NOCIL	200	162.00	Exit
Castrol	200	165.45	Hold
Axis Bank	100	727.90	Hold
Astra Microwave	500	83.44	Exit
Karnataka Bank	500	74.75	Exit
Narayana Hruda	100	307.70	Hold
Ashok Buildcon	500	105.10	Exit
Sobha	100	450.00	Hold
Titagarh Wagons	500	58.80	Exit
HCL Tech	100	597.00	Hold
L&T Info	30	1949.25	Hold
L&T Finance	500	119.65	Hold
Ircon International	500	93.06	Exit
Rites (RITLIM)	100	322.50	Hold
SBI Card	38	755.00	Hold
ICICI Bank	100	495.75	Hold
Karur Vysya bank	300	58.65	Exit
JK Paper	400	129.00	Exit
IRB Infrastructure Developers	500	91.50	Exit
Gujarat Gas	100	270.75	Hold
HDFC Life	100	617.50	Hold
SBI Life	100	990.05	Hold

Saji Paulose: These are the stocks that are currently in my portfolio. Kindly advice on what to keep from a long term point of view. 5-year horizon.

Ajit Mishra:

Security Name	Qty	Avg.Cost	Recommendation
Waterbase Ltd.	50	306.33	Exit
Tata Motors Ltd.	1849	68.93	Hold
Lasa Supergenerics Ltd.	500	89.55	Exit
Larsen & Toubro Ltd.	37	940.29	Hold
Aditya Birla Capital Ltd.	150	106.79	Exit
Power Finance Corporation Ltd.	1500	93.35	Exit
HCL Technologies Ltd.	50	417.81	Hold
Infosys Ltd.	40	489.01	Hold
Kellton Tech Solutions Ltd.	300	54.55	Exit
Wipro Ltd.	38	207.78	Hold
Celestial Biolabs Ltd.	1000	14.79	Exit
Lupin Ltd.	60	954.62	Hold
Natco Pharma Ltd.	20	679.79	Hold
Sun Pharmaceutical Industries Ltd.	90	688.33	Hold
Wockhardt Ltd.	75	367.18	Hold
Hindustan Petroleum Corporation Ltd.	1000	257.96	Hold

Lekshminarayanan: I recently purchased Indiamart Intermesh 4 nos. @4830. Is it wise to add at current price of about Rs 5000?

Ajit Mishra: Yes you can add at current price only if you are a long term investor and willing to hold the shares for 2-3 year time horizon.

Jeevesh Pandit: Please advice on the following in my portfolio:

Ajit Mishra:

Gujarat Gas	Hold
Ambuja Cements	Hold
ITC	Hold
Radico Khaitan	Hold
Reliance	Hold
IRCON	Exit
Bharti Airtel	Hold
Cipla	Hold
Dabur	Hold
HDFC Life	Hold

srikanth: Could you please advise me on the following holdings of mine? Thank you for your time sir.

Ajit Mishra:

ONGC 150 @ Rs. 77	Hold
Oil India 200 @ Rs. 90	Exit
Power Finance 150 @ Rs. 95	Exit
REC 150 @ Rs. 111	Exit
Axis Bank 50 @ Rs. 680	Hold
PI Industries 10 @ Rs. 1220	Hold
Cupid 200 @ Rs. 190	Exit
Suprajit Engg 200 @ Rs. 175	Hold
Security & Intelligence Services 100 @ Rs. 450	Exit
TV18 Broadcast 600 @ Rs. 22	Exit
Jagran Prakashan 600 @ Rs. 39	Exit
Music Broadcast - 1500 @ Rs. 22.75	Exit
Sun TV - 200 @ Rs. 425	Exit

Tahir Khan: I am regular reader of your valuable opinions on rediff.

I am a long term investor. I have 75 shares of Indiabulls HOUSING @415. Presently in loss of about 19,000/-. Shall I book loss Sir or wait. I can wait for long also. Pls suggest.

Further, pls suggest in below also. I can hold all for long term.

Pls suggest to sale / hold / accumulate.

Ajit Mishra: Exit the stock

Coal India 120@215 - now at loss of 20,000/- approx	Exit
ITC 185@240 - now at loss of 13,000/-approx	Hold, if time horizon is 2-3 years
ONGC 170@134 - now at loss of 11,000/- approx	Exit
IOC 150@136 - now at loss of 9,000/- approx	Exit

A K: I am holding the below mentioned stocks from past couple of years. Please let me know if I can continue holding them or exit.

Ajit Mishra:

Can Fin Homes @ 348.43	Exit
IDFC First Bank @ 30.41	Exit
IGL @ 307.80	Hold
M&M @ 507.06	Hold
Marksans Pharma @ 24.57	Exit
North Eastern @ 23.37	Exit
Wipro @ 266.21	Hold
Yes Bank @ 31.02	Exit

The Mysterious Guy: Sir I am holding Vodafone Idea shares and it is now in loss what should I do? Should I hold it or sell it off? Will it cross 11+ nearby? Please let me know.

Ajit Mishra: Exit the stock

X Kaiser: Need your inputs. I'm planning investment in the following scrips:

Ajit Mishra:

Power Finance Corporation	Avoid
LIC Housing Fin Ltd	Avoid
Castrol India	Avoid
Jyothy Labs	Avoid
Axis Bank / ICICI Bank	Buy both banks in staggered manner

Pardeep Kumar: I'm new to the stock market and want to invest in this. I want to invest money in long term as well as some in medium term (3-5 years). Can you please suggest some shares that I can invest in?

Ajit Mishra: You can invest in stocks such as M&M, Bharti Airtel, Dabur, Britannia, Axis Bank, Icici Bank, Lupin, Sun Pharma, TCS, HCL Tech.

yogendra kumar rastogi: Pl advise on following stocks, whether to SELL/HOLD/BUY MORE. I do not have any time limit.

Ajit Mishra:

adani ports 20@160	Exit
adani power 196@38	Exit
bob 205@130	Exit
bata 52@440	Accumulate
bpcl 168@120	Hold
cpse exchange traded fund 7140@26	Hold
coal india 75@233	Exit
cumins india 26@425	Hold
general insurance co 50@433	Exit
havels india 155@107	Hold
hcc 1049@38	Exit
icici lombard 22@661	Hold
jain irrigation 1000@61	Exit
kridhan infra 1000@99	Exit
L&T Finance 900@77	Hold
NBCC 600@26	Exit
NHPC 380@30	Exit
NTPC 340@120	Exit
PTC India financial services 900@27	Exit
PFC 114@102	Exit
Reliance 58@403	Hold
reliance power 600@42	Exit
TCS 117@126	Hold
Tata motors 291@158	Exit
tata steel 79@455	Hold
ultratech 24@1971	Hold
vedanta 89@332	Hold
kotak gold 500@258	Hold
uti gold 106@2637	Hold

Ramasamy Nagarajan: Kindly advise me to reshuffle my portfolio.

Ajit Mishra:

Scrip	Qty held	BUY AT
ASHOKLEY	100	103	Hold
DATASOFT	108	18.17	Exit
DIGJAMLTD	300	6.19	Exit
INDOWIND	300	4.32	Exit
IRCON	100	94.38	Exit
KESORAMIND	100	135.93	Exit
MOIL	100	259.76	Hold
NATIONALUM	900	42.95	Exit
NHPC	200	20.18	Exit
PNB	110	48.87	Exit
RCF	100	50.66	Exit
RELIANCE	50	512.04	Hold
SAIL	200	94.38	Exit
SBIN	10	220.92	Hold
SUZLON	400	24.46	Exit
TATASTEEL	10	566.51	Hold
TECHNOE	40	216.52	Hold
TPROJECT	15	39.86	Exit

Rajaraman Janakiraman: I have the below stocks, please let me know can I hold/accumulate/Exit from these stocks.

Ajit Mishra:

Dolat Investments - 200 @Avg Cost 45.20	Exit
Hindustan Oil Corporation - 100 @ Rs.66.37	Exit
Infosys Ltd - 10 @ Rs 672.45	Hold
LT Finance Holdings Ltd - 100 @ Rs 67.07	Exit
Tata Tele Services (Maharashtra) Ltd - 113@ Rs 12.08	Exit
TVS Motors - 20 @ RS 315.48	Hold
Yes bank - 100 @ Rs 16.76	Exit

Ashok Shelgaonkar: I am holding 100 shares of Bosch inherited from our father. Don’t know purchase price. Had sold part at around Rs 23,000. But stock has nosedived subsequently and now around 13,400. What would be your advice now?

Ajit Mishra: You can continue to hold for long term

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.

AJIT MISHRA