Watch the interview of Shahina Mukadam, Market Expert who shared his readings and outlook on specific stocks and sector & Feroze Azeez of Anand Rathi Financial Services answered few personal finance queries.
Below is the verbatim transcript of Shahina Mukadam's interview with CNBC-TV18:
HDIL
Real estate is a very high beta sector and the stocks will move inline with the market. Today we are seeing good bounce because of certain news driven issues. I do believe that for the longer term if the investors are willing to hold Housing Development and Infrastructure (HDIL) irrespective of ups and downs that we are likely to see volatile market, we are likely to have in the next three months, one may see a price of about Rs 145. Over the next three months the overall market sentiment is weak and the market is likely to be very volatile because in June we are likely to again see Greece, the issue whether they are going to remain in euro zone or not, is going to come up and if you see the overall technical for our market, I think we are moving lower and so it becomes better to not to remain in a high beta stock if one is a short-term investor. When the market corrects, which is expected over the short-term, one can enter at about Rs 110 levels.
DCB Bank
I recommend the investor to stay with DCB Bank because the prospects remain good and one can keep a stoploss of Rs 108 and wait for a bounce and maybe look at higher levels. If one is looking to sell for short-term then look at some higher levels of about Rs 128 but I would think that given the results that the bank reported, 61 percent growth in profits, the price to book is around two times, asset quality improved on quarter on quarter basis also, so there is no reason why one should get out. A lot of brokerage house are coming up with upgrades and buys, so one should hold it.
LIC Housing Finance
The investors should hold LIC Housing Finance. One can put a stoploss of about Rs 436 which is deep compared to the current price but at the same time the numbers were good and I do think as we see a bounce or recovery, the stock is likely to do well. The numbers were good though despite profit being somewhat affected by the direct tax provision that they had to make for taxation, overall the asset quality improved. So valuation wise also it’s a decent stock to hold and the business prospects are improving. So, the investors should hold the stock and will get better returns. I would give a target close to Rs 495, hold it for about six month period.
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