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Your Stocks July 23: 'I have Muthoot Finance at Rs 480 since one year, what should I do?'
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Your Stocks July 23: 'I have Muthoot Finance at Rs 480 since one year, what should I do?'
Jul 23, 2018 10:15 AM

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

In July 23 edition of Your Stocks, Gaurang Shah of Geojit Financial Services and Prakash Gaba of prakashgaba.com

Q: Charul Jain writes to us from Mumbai. She holds 250 shares of Muthoot Finance at Rs 480 since one year. She is a long-term investor and wants to know whether to hold or sell.

Shah: We have a positive view on Muthoot Finance from a long term point of view. The problem over here is the acquisition price and the current price, close to about Rs 90-100 down. So, if she got about 2-3 year plus kind of time horizon and if has investable amount, my request would be to average at current levels. Do not average, whatever quantity you have, maybe 30-40 percent you can average and you get a downtick further, then you can average further. So, hold and average purely from a long term point of view.

Q: Jaspal Ahluwalia writes to us from Punjab. He holds 200 shares of United Spirits at Rs 2,701 since two years. He is a long-term investor and wants to know whether to hold or sell.

Gaba: Aged well and every week there is a Friday. This industry is not going to go out and in fact, he should average it. Have an SIP in this stock and continue holding it for long term. It should come down to levels closer to Rs 500. If it comes down, that is a beautiful place to add.

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.

First Published:Jul 23, 2018 7:15 PM IST

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