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Should You Hold On To Jet Airways? #AskBQ

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#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equity market.

In today’s episode, Vikas Jain, senior analyst at Reliance Securities, and Sharmila Joshi, an independent investment advisor, share their views on Jet Airways, ONGC, VIP Industries and Berger Paints, among others.

Watch The Full Conversation Here:

Edited Excerpts From The Conversation

Srinivas Rao: I bought Firstsource shares at Rs 64 apiece. Can I accumulate at current price correction?

Vikas Jain: I would recommend one to hold on to the stock. If one is looking to make any fresh investment, they should wait for the stock to decline to the Rs 450-455 level.

Danish: I have 100 shares of Great Eastern Shipping. Could you please give a fundamental and technical view?

Sharmila Joshi: At the current scenario, one should continue to hold on to the stock.

Vikas Jain: On the higher side of Rs 365, one can exit the stock.

Shravan Kumar: What is the future of Jet Airways? Is this a good time to accumulate the stock?

Sharmila Joshi: The stock is at its 52-week low. Crude prices have gone up and that has made all the difference. One can look at the stock as a long-term investment.

Vivek Kanujia: I need a one-year view on Trident.

Vikas Jain: The stock has taken a good support price and will continue to hold on to these values. One can exit the stock if it reaches the Rs 75-level.

Thiyagarajan: I bought 3,200 shares of Escorts Ltd at Rs 320 apiece. I can hold the stock for more than a year. Should I hold on to the stock?

Sharmila Joshi: I would recommend one to hold on to the stock.

Neetesh Dohare: I currently hold 250 shares of VIP Industries at Rs 410 apiece. I need a short-term support price as well as a price at which I can further increase my position.

Vikas Jain: I would recommend one to wait for some decline on the stock to the Rs 510 level to add on to the stock. One should hold on to the stock.

Sharmila Joshi: This is a good stock and one must continue to hold on to the stock. One can also look at Safari Industries to make investment.

Akash: I need a long-term view on Symphony.

Sharmila Joshi: One can buy the stock after seeing the earnings for this quarter. I think one can continue to hold on to the stock.

M. Kumar: I have 200 shares of PI Industries at Rs 902 apiece. I can hold on to the stock for six-months. What is your view?

Vikas Jain: I would recommend one to hold on to the stock and at the Rs 735 level. This is not a good time to sell the stock.

Dattaraj Naik: What is your view on Ashok Leyland and is this the right time to invest?

Sharmila Joshi: One can make partial investments at this level.

Raja: What is your long-term view on Future Consumer Ltd.?

Sharmila Joshi: I would not recommend one to invest in this stock. Dabur is a good stock in the FMCG sector. Trent is a good choice, too.

Sameer: I have 1,000 Shares of Minda at Rs 417.5 apiece. With a one-year time frame, what should I do?

Vikas Jain: I would recommend one to hold on to the stock.

Sandeep: I am holding 100 shares of Berger Paints at Rs 230 apiece. Should I continue to hold or book profits? I also bought shares of Maharashtra Seamless at Rs 480 with a six-month view. What should I do?

Vikas Jain: I would recommend one to hold on to the Berger Paints stock. I am bullish on the stock. One can book partial profits at Rs 345 level.

One can book partial profits at the current level for the Maharashtra Seamless stock.

Debarpan Sarkar: What is your view on MOIL at the current level?

Sharmila Joshi: At the current level, I would recommend one to invest in ONGC instead.

Navneet: Is Avanti Feeds a good stock for a long-term investment?

Sharmila Joshi: I would recommend one to let the stock correct a little more before making any more investment in the stock.

Mashahir Ahmed: I bough 43 stocks of Gillette India at Rs 6,800 apiece. I need a long-term view.

Vikas Jain: i would recommend one to hold on to the stock with a higher target of Rs 7,500 apiece.

Analysts’ Disclosure:

The experts may have recommended some of the stocks discussed in the show to their clients.

Disclaimer: The commentary on BloombergQuint represents the view of external experts. Investors are advised to consult a certified financial advisor/planner when making any investments. No views shared on a BloombergQuint program or story or conversation should be construed as personal advice.

Quintillion Business Media Pvt. (BloombergQuint) is not responsible for any risk or loss that might occur as a result of using this information in any way, regardless of your interpretation of the advice.

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