Watch the interview of Ashu Madan of Religare Securities and Vishal Malkan of malkansview.com with Surabhi Upadhyay and Nigel D'Souza on CNBC-TV18, in which they shared their readings and outlook on specific stocks and sectors. Vishal Malkan of malkansview.comBank of Baroda Exit Bank of Baroda (BoB) because the sector is weak and the stock is also weak on the chart. If one wants to trade for the short-term then trade in stocks which has momentum on the upside. So definitely an exit at these levels because right now what it is trading around is Rs 150-152 and if closes below that then there can be a further which can be 5-10 percent fall on this stock.Axis Bank Axis Bank although is trading at support and there is an important support around Rs 400 which is a major support on a multiyear chart. So, I would say definitely hold on to this stock with a stoploss of Rs 400 and if markets survive this correction then one can look at targets of around Rs 500 plus in the next six months.Aban Offshore Aban Offshore is one stock which is weak on the weekly as well as the monthly charts. So, holding on to such a stock does not make sense though the outlook may be long-term but doesn’t make sense if there is no momentum, no volume, no patterns on that. I would recommend to exit this stock and get into a stock which has good momentum, so definitely exit from this stock and look at some fundamentally as well as technically sound stocks like Voltas which is showing good patterns on weekly and monthly charts which can do good returns in the next 6-8 months or one year. Ashu Madan of Religare SecuritiesSintex IndustriesSintex Industries has been doing well. But that has already, majority of it is already priced in. We have seen the recent lows and the way the turnaround in the performance and the stock price also. So, probably it is on the higher end of that band, not that it is going to go down. It will remain at this level for some time and probably, it could go up. Certainly, there are signals of going up. It is holding on a very strong support level. The performance has been reasonably very good. But, holding for a long-term, one should hold where the returns can be phenomenal, obviously, 50-100 percent jump, but that kind of an appreciation right now is nowhere visible in this stock. So, I would say that probably you will get an opportunity of maybe 10-20 percent returns from current levels, 10-15 percent. Use that opportunity to get out. Book profit, probably wait for some more time to get into the same stock if somebody is so fond of Sintex or probably shift into some other stock.L&T Finance Holdings L&T Finance Holdings has not done anything since the last couple of years. Ever since the banking news, most of the investors or traders I have come across, on the expectation of a bank, everyone who entered at that point in time is holding his stock and probably stuck. At this level, after so much of a consolidation, price correction, time correction, I do not see much on the lower side and obviously, the company is doing well. So, I would certainly say, one can hold the stock, but with the caveat that do not expect too much out of it. Just because somebody is a long-term can hold this stock, does not mean that definitely, the gains would be on the table, or it can become a bagger story just because you are holding this stock for the long-term. So, I would say it is a mixed call. If you think that the market can go up and there are other sectors or probably the consumption story or auto pack where somebody can make a better bet, switching over could also be an option, but as far as only, isolated this stock is concerned, at this point in time, one can hold it.
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