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

In July 27 edition of Your Stocks, Sharmila Joshi of sharmilajoshi.com and

Prakash Gaba of prakashgaba.com, answer your queries on investments in the stock market.

Charul Jain writes to us from Mumbai. She holds 750 shares of United Spirits at Rs 680 since two years. She is a long-term investor and wants to know whether to hold or sell?

Gaba: What is wrong with the stock? It's a beautiful stock, good hold, long term. Since you have bought it at a higher price, it is trading lower. Technically, it has seen a good place, where it can bounce from. So, I think United Spirits is a buy and hold.

Joshi: I would concur largely, because we did see some amount of correction coming in, because the numbers weren’t perceived as very great. But Charul is a long term investor and I can understand her pain, because she feels she missed when the stock was at Rs 4,000. Of course there has been sort of a stock split etc. so it is not that it has gone from Rs 4,000 to Rs 600; but at the same time it is off the price that she bought at. So I think, she must continue to hold. I agree with Prakash Gaba. The sector itself is so good that, yes you may have seen concern for some of their brands etc. but going forward, these things will average out, so I would continue to hold the stock.

Mrs Feroza Contractor writes to us from Mumbai. She wants to invest Rs 10 lakh in Kotak Mahindra Bank for long term and wants to know the right time to enter the market?

Joshi: She is actually speaking about Kotak Bank, so the numbers I think are out there. I don’t think that waiting for more time in that kind of bank really matters. What matters is the price the bank is trading at, especially if you look at its price to book valuation. So, while I think the numbers are great and I have really no concerns on Kotak Bank in that sense, I think that if you had to buy Kotak Bank try and buy it on dips.

Very honestly, the new kids on the block seem to be RBL Bank and Bandhan Bank. Those are also available in that sense cheaper to their price to book kind of valuation and there the growth going ahead also seems better in these banks. So that is something that you can consider, but if you want to buy Kotak Bank try and buy it on dips.

A Bhagyaraj writes to us from Bihar. She holds 1,000 shares of Bank of Baroda at Rs 172 since seven months. She is a medium-term investor and wants to know whether to hold or sell?

Gaba: Add some more, looks like lower levels on entire public sector undertaking basket has bottomed out. Looks like, if this is an up move here, add some more and what you add exit somewhere closer to around Rs 150 zones. What you already have continue holding it.

Joshi: As Sumaira Abidi said, we have seen a bit of a run up in Bank of Baroda. I think the cheer has come ever since we saw Canara Bank numbers. Wait and see what the numbers are and then take a call but for now I think it is a hold.

Aakriti H writes to us from Pune. She holds 200 shares of ICICI Bank at Rs 292 and wants to know the future of the stock for the next for next 1-1 year and 5 months?

Joshi: Results are today. So first of all let us get that out of the way, but clearly as you said, the concerns for ICICI Bank and what you are expecting to hear in terms of going ahead is it is really very little related to do with the kind of numbers they will deliver. So, I think it might be a good strategy especially since you are a long term investor to really switch out of the bank and I would think that we had a query earlier on Kotak Mahindra Bank. So maybe look at a bank like that or I mentioned RBL Bank or Bandhan Bank. We had numbers from both IndusInd Bank as well as Yes Bank. Yes Bank, in fact has corrected post numbers, so that is also available at an attractive level. So, I would really switch out of ICICI Bank, especially given the fact that today are numbers, so use that as a an opportunity and exit the stock.

Gaba: I like the structure near the lows. The way it has bounced back, the kind of spring bounce closer to around Rs 270 zones tells me there is upside here. Perhaps, we can see an up move. The up move could last to around Rs 300-305 or Rs 310 zones. We will see how it goes and negotiates those zones. But up to Rs 300-310 is a possibility out there.

Aarooshi D writes to us from Bengaluru. She holds 60 shares of Reliance Industries Ltd at Rs 912 since two months. She is a long-term investor and wants to know whether to hold or sell?

Gaba: I like the structure between Rs 900-1,010, that has been so much of consolidation and broken up. It is a breakout from those zones. It is not stopping at new high. I think it is going beyond that. It is a matter of time going there, but mean time, I would say that Rs 1,015-1,020 are strong support zone to work with Reliance Industries Ltd and as long as it holds upside is on. It may consolidate for some while but looks like it is heading up.

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First Published:Jul 27, 2018 4:28 PM IST