In the last seven day's rally (From Oct 25 to Nov 5) S&P BSE Sensex rallied 3 percent.
Long-term investors can buy into this counter with a stop below Rs 305 on a closing basis.
The rally which pushed Sensex to record highs was just handful of largecap stocks while most well-known stocks in the broader market were hitting 52-weeks low.
Higher crude oil prices and the rupee’s weakness will continue to dampen sentiment putting pressure on the fiscal deficit and bond yields in the short term, Vikas Jain of Reliance Securities feels
Rajat Bose of rajatkbose.com is of the view that one may sell JBM Auto.
With PM Modi’s vision of making every Indian car electric by 2030, stocks of automakers and ancillary companies which produce electric parts or vehicles are likely to take off.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Dr Reddy’s Labs and sell Pidilite Industries.
Ashish Kyal of Waves Strategy Advisors advises buying Cox & Kings with a target of Rs 253.
Jay Thakkar of Sharekhan is of the view that one may buy JBM Auto with a target of Rs 236.10.
Prakash Gaba of prakashgaba.com advises exited JBM Auto.
Prakash Diwan of Altamount Capital Management is of the vie wthat one may look at JBM Auto.
Manas Jaiswal, Technical Analyst at manasjaiswal.com feels that JBM Auto may slip to Rs 140.
JBM Auto Components has target of Rs 85, says SP Tulsian, sptulsian.com. As on 30th September book value is close to about Rs 155-156, so that translates into a price-to-book of 0.4. Even the promoter stake is quite respectable at 62-63 percent and five HNIs are holding about 25 percent stake in the company.
See 25-30% returns in JBM Auto, says SP Tulsian of sptulsian.com.