InvestorQ : Hi Diksha, I had a query on 5 of my holdings as you had suggested; ITC, VRL Logistics, Piramal Enterprises, Burger King and ONGC? What to do with these stocks? Do you suggest any new trading ideas?
Rashi Mehra made post

Hi Diksha, I had a query on 5 of my holdings as you had suggested; ITC, VRL Logistics, Piramal Enterprises, Burger King and ONGC? What to do with these stocks? Do you suggest any new trading ideas?

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diksha shah answered.
4 months ago
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I think some of these are already part of my ideas shared in the last few days. Let me just reiterate them for your benefit. On Friday I had suggested in the morning itself to book profits in VRL Logistics. While giving the ITC call, I had specifically asked to keep strict stop loss at around 220 levels. That level has been breached, so you must stop out.

Regarding Piramal Enterprises, the stock has rallied sharply in the last three days and on Monday, I have suggested to take profits off the table. Regarding your last query on Burger King, you can hold on for now, because the stock has held its own even in a rather volatile market and it still remains one of the best bets in the QSR space.

Let me now turn to your query on what stocks to buy. For Monday trading, I would suggest adding two more stocks to the portfolio from a short to medium term perspective. Here are the stocks with the justification on why you should be buying these stocks.

· Firstly, you can look to accumulate Grasim, the diversified holding company of the Aditya Birla group, at Rs.1239 for a target of Rs.1400. You can look at Grasim both; as a sum of parts play and also as a dividend yield play on the cement and financial services sector. Keep a holding period of 1-2 months and it is a low risk play for you.

· With the move to privatize general insurers and the recent decision to infuse Rs.3,000 crore into the capital of general insurers, there is likely to be a positive re-rating of these stocks. In the light of the recent capitalization and privatization thrust, look to buy GIC Re at Rs.142 for upside targets of Rs.165 in 2-3 months time frame.

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