InvestorQ : Hi Diksha, can I exit my holding in Cipla after the recent rally? What do you suggest on the other stocks that you have recommended?
Arusha Ray made post

Hi Diksha, can I exit my holding in Cipla after the recent rally? What do you suggest on the other stocks that you have recommended?

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diksha shah answered.
7 months ago
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Let me talk about Cipla first and then I will move to the other recommended stocks. Cipla rallied sharply on Monday as it had a favourable ruling in one of the patent related cases in the US. However, you can expect the rally to have more legs in the future as the production and distribution of the vaccines picks up steam.

On Monday, I had suggested to buy ONGC and IRCTC in our trading list but had not closed out any positions. However, on Tuesday, I suggest you to book out of Tata Steel BSL and NTPC at current levels. You can hold on to other positions for now. Here is what to exit.

Tata Steel BSL at Rs.35 (CMP-39) – Exit the stock

NTPC at Rs.98 (CMP-105) – Exit the Stock

What you need to understand is that a major sector rotation is brewing in the PSU segment with most PSUs getting positively re-rated. Even HNIs are showing preference for PSU proxies like CPSE ETF to leverage the cheap valuations and high dividend yields. That is the space to really rally in the coming days and weeks.

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