InvestorQ : Hi Diksha, do you have any profit booking ideas for 30 December and what do you suggest on Bectors Foods? Any stock you suggest I should be buying?
Arti Chavan made post

Hi Diksha, do you have any profit booking ideas for 30 December and what do you suggest on Bectors Foods? Any stock you suggest I should be buying?

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diksha shah answered.
6 months ago
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With the Nifty closer to 14,000, it is essential to be as close to momentum as possible. On Tuesday, I suggested to exit Reliance Industries. For Wednesday, you can exit SBI Cards at a small profit and Hindustan Copper almost at par. The whole idea is to free up capital for playing the more short term stories in the market. Here is a quick take on the holdings.

· SBI Cards at Rs.830 (CMP-842) – Exit at current Price

· Hindustan Copper at Rs.63 (CMP-63) – Exit at Current price

· Bectors Foods at Rs.549 (CMP-518) – Average at current price

I am sure you are a tad worried about Bectors. The stock has, after all, lost a little over 10% in the last two days but traders should use this opportunity to average their position and bring their average cost of Bectors around Rs.548-550 range. Bectors is a great whole sale play on the QSR business and I stay positive on the business and its outlook.

Let me now turn to the second part of your question, wherein you have asked about what to buy in these markets. One thing that you need to remember is that recent events have raised pockets of opportunity. Today, you can seriously look at two stocks that will benefit from the BREXIT trade deal. In both cases, the overhang was quite high. Here are the calls.

· My first suggestion is to buy Tata Motors at Rs.183 for targets of Rs.210 in 1-2 months. Tata Motors gets a chunk of its revenues of nearly 80% from Jaguar Land Rover, based out of UK. JLR will benefit from a revival in China and strong UK Pound.

· You can also look to buy Motherson Sumi at Rs.158 for targets of Rs.180 in 1-2 months. This largest auto ancillary player in India has substantial and varied interests across the European region. The BREXIT trade deal surely makes operations easier for them.

You can look at these ideas from very short to medium term perspective. Of course, the rule is to continue to churn you capital fast as the Nifty gets closer to the 14,000 levels.

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