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Your stocks: What to buy/sell/hold in volatile market

Watch the interview of Hemen Kapadia of KRChoksey Securities who shared his readings and outlook on specific stocks and sector & Harshvardhan Roongta of Roongta Securities who answered a few personal finance queries.

August 27, 2015 / 16:27 IST
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Watch the interview of Hemen Kapadia of KRChoksey Securities who shared his readings and outlook on specific stocks and sector & Harshvardhan Roongta of Roongta Securities who answered a few personal finance queries.Below is the verbatim transcript of Hemen Kapadia's interview with CNBC-TV18:Unitech Unitech is a total avoid. There is absolutely no sense in buying something like this. We were at a high of Rs 540 in 2008. We are on a long-term downtrend, progressively lower tops and bottoms. Stock is just about posted a 9-10 year low. I think it would be better to bet on horses than to invest in Unitech. One has to go for fundamentally sound stocks. It is a complete avoid. I would suggest buy something like a Siemens on declines from a longer term point of view, not Unitech.Tata Motors Tata Motors is a hold. It has been down for seven months consecutively from a high of Rs 615 to a low of almost Rs 304. We are currently bouncing back. We are getting oversold, the worst is not yet over, but one gets a feeling that after another Rs 30 or Rs 40 in case of a downside, the market itself looks a bit shaky. Tata Motors would run into some very strong support levels on a longer-term chart, so the downside below Rs 280-260 looks slightly limited. I mean that is still far away from the current levels. With investment horizon of 18 months, it should give a bounce back roughly to Rs 420 or so.Punj Lloyd For Punj Lloyd Rs 20 is rock solid support; it has never breached Rs 20 since listing. So, as of now I would suggest a hold with a stoploss at Rs 20.Adani Power Adani Power day before yesterday itself, has posted a fresh all-time low. I do not have longer-term data, but whatever data we have seems to suggest that we are very clearly in a short, medium and long-term downtrend. Do not see a reversal as of now despite it being slightly oversold. So, I would have a sell on bounce. If the market weakness continues which is a possibility, I guess Siemens and Axis Bank can be considered for investing from a longer-term point of view. But that also not at current levels. But Adani Power definitely seems like a sell on bounce," he added.

first published: Aug 27, 2015 02:49 pm

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