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Your Stocks July 2: 'I have TCS at Rs 400 since IPO, what should I do?'
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Your Stocks July 2: 'I have TCS at Rs 400 since IPO, what should I do?'
Jul 2, 2018 6:18 AM

Your Stocks is a daily show where market experts answer your specific stock related queries.

In July 2 edition of Your Stocks, Gaurang Shah of Geojit Financial Services Ltd and Prakash Gaba of prakashgaba.com answer your queries on investments in the stock market.

Q: Arpita Tyagi writes to us from Mumbai. She holds 900 shares of Equitas Holdings at Rs 148. She is a long-term investor and wants to know whether to hold or sell.

Shah: Firstly, since the time Equitas got listed, it has not done much. In fact, a large part of it is underperforming. If you want to compare it with likes of Ujjivan or AU Small Finance Bank which are also relatively new listings, then these two have outperformed Equitas. No specific coverage on Equitas, but if you want to stay in microfinance companies (MFC), then I would suggest a shift to Ujjivan from a long-term point of view.

Q: Priyanka Patel writes to us from Ahmedabad. She holds 40 shares of TCS at Rs 400 since IPO. She is a long-term investor and wants to know whether to hold or sell.

Gaba: Stay invested. What else do you require? Who could ask for anything more? Good consolidation, very good move, just stay invested. Rs 1,700 is fairly strong support zone. Looks like it is heading to around Rs 2,000. Look for it.

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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