- A quick stop to get viewers queries answered
- Discussion on top stocks to invest in
- Excel Industries, Tata Motors: Stocks in focus today
After hitting Day’s high, Nifty shut its shop near 15,200 levels. PSU Banks led strong gains today on the back of positive commentary from top PSU bank lender, SBI. Undoubtedly day’s focus had to be on the largest PSU lender – SBI. Kunal Bothra and MD and CEO of Enoch Ventures, Vijay Chopra named some of their high and low risk takes.
Q. Outlook on Excel Industries
Vijay Chopra says: Excel Industries have done well for chemicals and specialty chemicals over the period of last 3-4 years. If someone has a long-term perspective for it, then they should not worry. There will be some sort of correction happening to it as and when it happens to the rest of the stocks. If you are a long-term investor, keep holding on to it.
Q. Quick view on Nifty 50.
Kunal Bothra says: I had mentioned the triangular pattern breakout last week on the chartbusters. The pattern hike was approximately 600 points and the breakout point was somewhere around 14,950. Just a week ago, they were able to break past that 14,950 in a matter of a single day. This suggests that you have to look at short-term support.
Q. Advice on Tata Motors
Vijay Chopra says: I am positive about Tata Motors for a number of reasons. First of all, the company has reduced its debt to a great extent. There were times when they had very few models to offer to the Indian market. The Indian market has shown consistency over the past 8 years. Unfortunately, it has been affected a lot by Covid. I do have hopes from Tata Motors. I wouldn’t say that jump in and buy shares right now but a company that has reduced its debts and has great models can be invested in.
Q. Outlook on Heidelberg Cements
Vijay Chopra says: If you look for a long-term Indian investment, Heidelberg is one company which I think has done well over a period of time. It has no major overhanging debt, the management seems good and stable. But if you look at the cyclical nature of the company, they do not have sales around monsoon. And now, no shops are open and no construction is going on due to lockdowns. But if someone wants to buy with a longer-term perspective, I think anything below 230 would be a great level to get into the stock. It is a slow-moving stock.
Q. Advice on ICICI Pru Life Insurance
Vijay Chopra says: Covid has reinstated a fact and that is people’s lives need to be insured. We are seeing a huge number of people opting for health insurance. I think this renewed interest in life insurance is very good because India collectively is a very under-insured country. But holders in ICICI life insurance may exit once and wait for a correction. At that point, they may enter HDFC Life or SBI Life. But the fact of the matter is, one should also continue booking profits.
Ahead of answering viewers’ queries on what to invest in and which investment to ditch, market experts named stocks that according to them were of low risks and high risks.
While Kunal Bothra named both NTPC Limited and Bajaj Auto as moderate risks, MD and CEO of Enoch Ventures, Vijay Chopra placed Spicejet Airlines and Indian Hotels of the Tata Group on medium risk and L&T Finance Holdings on low risk.