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Stocks to exit, sell and hold in the time of coronavirus

April 01, 2020 10:00 IST

'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.

Stock market queries

Illustration: Dominic Xavier/Rediff.com

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.

Ajit Mishra