Check Out: Stocks that you can trade on Monday

In this week's Know Your Investment, Aditya Damani, CFA, Director at KM Global Financial Services teams up with moneycontrol.com to help investors make the right investment decisions in the current uncertain times.

Below are Damani’s views on stock queries investors asked us on our Facebook page.

Paras Khatri: Which stocks would you recommend for the long-term?

A: I would recommend Banking stocks such as ICICI, Axis Bank and SBI for the long term.  I would also recommend infra stocks such as IL&FS Transport and Techno Electric.  Bajaj Electric, Nesco and Ashiana Housing are good stocks for long term investors.

Vijay Bhanushali: What is your call on Reliance Industries?

A: In the short term I see it in the 780 to 880 range.  In the long-term I think it will head to 960 as refining margins improve over time.

Neeraj Bafna: What is your view on Shree Renuka Sugars?

A: Renuka can be bought by investors who can hold it for at least a year with a target of Rs 57 and a stop loss of Rs 32.3. I think the sugar cycle should turn in Renuka's favor while its Brazilian operations seem to be bottoming out. Renuka's high debt levels remains a concern and I would advise investors to buy EID Parry if they are keen on the sugar sector.

Gaurav Arora: What about Kingfisher Airlines?

A: I would stay away from this company as I don't have any clarity on when the operations will restart and how many planes will be available for operations. I believe that it will be difficult for the airline to rope in a foreign investor on favorable terms.

Parth Shroff: What is your call on Larsen and Toubro?

A: I think Larsen & Toubro is a good stock for long term investors who are already holding the stock.  For traders or new investors I would advise to wait for a dip below Rs 1500 to enter the stock.  Short term traders can look to sell L&T above 1680 with a stop loss of Rs 1720. 

Priscilla Grihapathy: Is IndusInd Bank a 'buy' at current levels?

A: No I think the stock will be a good buy below Rs 345

Parasram Kolekar: What about Tata Motors?

A: I think Tata Motors will trade in a range of Rs 243 to 305.  I would look to buy closer to the low end and sell above 300.

Sumant Murarka: What is your call on DLF?

A: I would stay away from the stock due to corporate governance issues.  I think it will trade between 205 - 260 in the medium term.  Nesco and Sobha Developers are better picks from the real estate sector.

Shibu Kola: How will Gujarat State Petronet (GSPL) trade in October?

A: I can't provide such a short term outlook.  The broad trend in the stock is positive. Investors can buy below Rs 77 and hold for a target of Rs 95.  The stop loss will be below Rs 71.

Zameer Da: What is your view on Lanco Infra?

A: I would prefer other power stocks such as NHPC or Tata Power over Lanco Infra.  

Aatish Sanghvi: What should I do with Praj Industries?

A: I would sell it off or wait for a rally towards Rs 58 and then sell the stock.  You would be better off my investing the money in other infra or power names as mentioned above.

Joel Peter Lobo: What about Canara Bank and NTPC?

A: Canara Bank is looking good along with the entire banking sector.  It has a target of Rs 470. NTPC will remain in a narrow range of Rs 158 to Rs 180 until coal supply issues are sorted out so that it can aggressively expand its generation capacity.

Mohit Goyal: What is your call on Mahindra Satyam?

A: I think traders can book profits in Mahindra Satyam while long term investors can sell half their shares at current levels.  They should get a chance to buy the stock below Rs 100.

Karan C Parnami: What is your one-month target for Punjab National Bank?

A: PNB should trade in the Rs 770 - 860 range in the next month.

Rajesh Anand: What about ICSA?

A:  I don't have any view on the stock.  The corporate governance and business position are questionable.  I would recommend investors to stick to other infra or power stocks I mentioned above.

Disclaimer: I or my clients could have a position in the stocks discussed.  Please consult your financial advisor before making any investment decisions.