InvestorQ : Hi Diksha, do you suggest buying any fresh stocks for the day? What is you take on existing open positions like Shilpa Medical, Power Grid and Mazagon Docks?
Mitali Bhutta made post

Hi Diksha, do you suggest buying any fresh stocks for the day? What is you take on existing open positions like Shilpa Medical, Power Grid and Mazagon Docks?

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diksha shah answered.
4 months ago
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Let me first address your query on the 3 existing positions that you queried about. If you look at Shilpa Medicare, Power Grid and Mazagon Docks, the momentum is surely quite strong and you must wait for better opportunities to exit the stock. Here is what you need to do for the time being.

· Shilpa Medicare given at 460 (CMP- 458) – Hold at Averaged Price

· Power Grid at Rs.227 (CMP-229) – Suggest to hold

· Mazagon Docks at Rs.211 (CMP-207) – Suggest to hold

Now let me turn to the second part of your question on what to buy. You must actually look at two stocks that correctly but have good potential from a medium term perspective. Buy BHEL at Rs.67 for targets of Rs.85 in 2-3 months as BHEL emerges as a go-to point for global outsourcing of manufacture as part of Make in India. The other stock to buy is NMDC after the recent fall. Buy at Rs.185 for Rs.220 upside target in 2-3 month time-frame.

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