InvestorQ : Hi Diksha, I have bought LIC Housing, Reliance, Trident, GAIL and Piramal? All these are below my buy levels, what do you suggest? Can I buy something fresh?
Chandralekha Desai made post

Hi Diksha, I have bought LIC Housing, Reliance, Trident, GAIL and Piramal? All these are below my buy levels, what do you suggest? Can I buy something fresh?

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diksha shah answered.
7 months ago
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The stock markets may have been down in the last couple of days. However, I don’t think there is reason to worry so don’t rush to close positions at this point of time. I have been shifting a good number of positions to frontline stocks which are likely to be the big beneficiaries of the positive results and a likely reformist and expansionary budget. Here is a quick take on the stock you mentioned.

· LIC Housing at Rs.433 (CMP-410) – Suggest to hold

· Reliance Industries at Rs.1911 (CMP-1973) – Suggest to hold

· Trident at Rs.14.50 (CMP-14.90) – Suggest to hold

· GAIL at Rs.141 (CMP-138) – Suggest to hold

· Piramal Enterprises at Rs.1625 (CMP-1574) – Suggest to hold

Let me now come to your specific question of whether you should buy any fresh stocks now or whether you should stick to the existing stocks. Firstly, there is no need to sell out of any of the above stocks for the time being. However, I am not recommending any fresh stocks for the day as most of the current theme preferences are already covered.

It is best, in my opinion, to take a fresh view on stocks after the VIX stabilizes and look to churn till then. We have to wait for the budget to get better clarity on the government direction, but my hunch is they will stay reformist. Till then, in case you have missed out on any of the above calls can take fresh positions even now.

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