InvestorQ : After taking out profits on 6 stocks on 04 May, do you have any further profit booking suggestions for 05 May. Any fresh stocks you suggest to buy?
Dhwani Mehta made post

After taking out profits on 6 stocks on 04 May, do you have any further profit booking suggestions for 05 May. Any fresh stocks you suggest to buy?

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diksha shah answered.
1 month ago
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You are right, I had suggested to take profits on 6 of our stocks on Tuesday. However, the positions are now substantially lighter, so I am not suggesting any more selling ideas for the 05 May. You can hold on to the existing positions for the time being.

Regarding fresh buying, I suggest buying Sun TV at a price of Rs.490 for upside targets of Rs.550 in a with a time frame of 1-2 months-time. Of course, post the DMK win in Tamil Nadu elections, the favourable political environment is a big factor. Additionally, Sun TV is still available at a reasonable valuation of less than 14 times forward earnings, extremely low for a quality media stock.

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