InvestorQ : Hi Diksha, I need your quick view on some of the stock you recommended like HCL Tech, Birlasoft, IGL, BHEL and Petronet LNG? Should I hold on to these stocks? Do you have any new ideas for 09 March?
Lavanya Subramanian made post

Hi Diksha, I need your quick view on some of the stock you recommended like HCL Tech, Birlasoft, IGL, BHEL and Petronet LNG? Should I hold on to these stocks? Do you have any new ideas for 09 March?

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diksha shah answered.
3 months ago
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To begin with, I do not suggest any selling in the existing stocks for today. I would suggest to take a fresh call later this week. But there are a number of stocks that are interestingly poised. Regarding the five stocks that you have mentioned, I suggest holding on to all of them. Here is a quick recap on what to do on these five stocks you checked about.

HCL Tech at Rs.985 (CMP-964) – Suggest hold

Birlasoft at Rs.272 (CMP-231) – Suggest hold

Indraprastha Gas at Rs.568 (CMP-530) – Suggest hold

BHEL at Rs.49 (CMP-55) – Suggest to hold

Petronet LNG at Rs.250 (CMP-253) – Suggest to hold

Now let me turn to your question of what stocks to buy. I would not recommend too many stocks as there is already a large number of positions open. However, I do have one trading idea for Tuesday 09 March and that is a slightly medium-term delivery call for a period of 4-5 months. Don’t take a very short-term view on the stock.

· You can buy SBI Life, the life insurance arm of SBI, at Rs.927 for upside targets of Rs.1150 over the next 4-5 month time frame. There was a sharp turnaround in monthly new business premium reported. While average industry growth in NBP or new business premium was 20% for life insurance companies in India for Feb-21, SBI Life showed growth of 60%. This is than twice the growth of HDFC Life and thrice that of LIC.

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