The 'muhurat' trading session will be conducted for 75 minutes tomorrow (Diwali day), both on the NSE and BSE. Moneycontrol.com got Vivek K. Negi, VP research of Wellindia Group to answer the stock queries you sent us on our Facebook page as part of KYI (Know Your Investment).
The Indian market closed flat with a negative bias on Monday. The Sensex fell 13.34 points to close at 18,670.34. The Nifty was down 2.55 points and closed at 5,683.70.
The 'muhurat' trading session will be conducted for 75 minutes tomorrow (Diwali day), both on the NSE and BSE.
Moneycontrol.com got Vivek K. Negi, VP research of Wellindia Group to answer the stock queries you sent us on our Facebook page as part of KYI (Know Your Investment). Check out his comments.
Diwali damaka: Experts bullish on Nifty; bet on largecaps
Bibek Nakhat: What is your call on Glodyne Technoserve? I had bought it at Rs 56 a share. Should I hold or exit?
A: It is looking like a bad company, neither fundamentals are good nor technical. It’s trading near its three-year low. Exit on any pullback and shift to better stocks.
Vinayak Shastri: Which stocks can I buy for 'muhurat' trading?
Wellindia’s Diwali Picks:
Target till next Diwali
Vikas Kumar: What did you make of Manappuram's numbers? What is your call on the stock with a three-month perspective?
A: The company could not meet market’s expectations. There was pressure on the margins due to higher finance costs. Finance ministry has also issued certain regulations related to gold loans, which would further impact the financial performance of the company. Exit from Manappuram and enter in any other good banking stock.
Sandeep Arora: What is your view on L&T Finance Holdings for next two-three years?
A: The stock has just taken a big rally all the way from Rs 45 to Rs 74. Now, it is trading at all time high. The stock can be accumulated on any dip for a target of Rs 105 in next two-three years.
Rrik Banerjee: What is your call on the FMCG space? What is your top pick from the lot?
A: India is driving consumption story. The stocks have seen a big rally during the last couple of years. But these can be considered as defensive bets. FDI in retails will further boost up financial performance of these companies. We recommend a buy on Dabur even at the current levels.
Kunal Asrani: What is your call on Bharti Airtel? Do you think their African operations will pick up?
A: The whole telecom sector was going through a tough phase after 2G and 3G scams. We believe telecom sector may continue to face pressure for few more quarters. Long-term investors can pick any of the stock from this sector as valuations seem to be quite attractive. Bharti particularly has very limited downside, but it may take time to move upwards.
Aman Dalmia: Should one exit from public sector banks or do you think worst is over and this is rock bottom?
A: We don’t want to comment on the sector as a whole. I believe you should look at each bank separately. Andhra Bank, Dena Bank and IDBI Bank are doing well, whereas SBI, Canara Bank and PNB are not able to perform. You can still take a call on mid-size public sector banks. Our pick from the lot is IDBI Bank.
A: You can continue holding L&T for higher targets. We have a target of Rs 1,900 on the stock by March, 2013. Exit BHEL around Rs. 260.
Yesha Mehta: How do you think travel and tourism industry will perform? Is it a good idea to buy Cox & Kings?
A: I am very hopeful for travel and tourism industry. The contribution of the industry is negligible in comparison to the developed countries. India is driving its infrastructure which will further boost this sector. Medical tourism may open new avenues of growth for the sector. We are neutral on the sector for intermediate term. Buy for three years or more.
Ekta Daryanani: Is digitisation story over? Will Dish TV rally more? Should I book profits in Hathway?
A: The story is not over. It has just started. These stocks may emerge as multi-baggers in the long-term. Keep booking profits in Hathway and keep accumulating Dish TV. Dish TV will become profitable very soon.
Karishma: Can you give your top two midcap/smallcap picks for one-two years investment?
A: Invest in Persistent Systems from the IT sector and Max India from Healthcare.
Vaidehi Salvi-Shinde: What is your call on MRPL?
A: It has a very strong resistance around Rs 70. If it will be able to Rs 70 with volumes, it may touch Rs 82 in the near-term. For short-term, avoid MRPL.