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

In July 30 edition of Your Stocks, Gaurang Shah of Geojit Financial Services and Prakash Gaba, answer your queries on investments in the stock market.

Tanya Singhal writes to us from New Delhi. She holds 500 shares of Axis Bank at Rs 500 since seven months. She is a long-term investor and wants to know whether to hold or sell?

Shah: We have been positive on Axis Bank for the last two years or more. That is exactly the time when the bank was going through a lot of patchy and rough weather in terms of visibility and there has also been concerns with respect to asset quality and the provision. Recently, we had issues with who is going to lead the bank after December 2018, when Shikha Sharma is likely to go. We have got clarity over there as well and on earnings, I believe for this quarter, that is later on today and for the last two quarters, we have seen significant changes and turn around for the better. We remain positive from a long term point of view and if I am not mistaken our target stands at about Rs 640 or thereabout from one and a half –two year perspective.

Noyonita Bhattacharjee writes to us from Kolkata. She holds 600 shares of HDFC at Rs 1,652.35 since one year. She is a long-term investor and wants to know whether to hold or sell?

Gaba: You buy and hold for life. I have been holding HDFC since my IPO days so continue holding it. I can’t give a sell.

Shah: I would say that if somebody wants to buy it at current levels, you should definitely initiate a buy and over the last many years, they have been wealth creator. So on fundamentally, I don’t think anything can go wrong.

Ashish Bhagwat writes to us from Qatar. He holds 50 shares of Grasim at Rs 369 since ten years. He is a long-term investor and wants to know whether to hold or sell?

Shah: Definitely hold on Grasim and the reason why it has been sideways because of the restructuring we saw in the company as well as Aditya Birla Nuvo and post that, I think the stock has been languishing maybe Rs 950-1,000 on the lower side, Rs 1,100 -1,150 on the higher side. We do have a positive coverage on Grasim so you got invested 10 year back, I think your cost would have been coming down considerably on fall back of various corporate announcements and development. Long term continue to hold.

Question to buy, I feel that there are other lot of opportunities in the FMCG pack in the consumer durable pack. Even in the private sector banking, there is a major turnaround that we are likely seen so try to focus over there and build on your portfolio.

Prakash Gupta has holds 14,000 shares of Hindustan Zinc at Rs 250 and wants to know whether to hold or sell.

Gaba: It has seen a high of around Rs 340 zone. Thereafter, we have seen a correction and we see a bounce closer to Rs 260 zones. I like the way it has come down and also like the way, it is consolidating in the lower regions. He has held on this stock for a long time, continue holding this. We would see an upmove. If he wants to book out, maybe around Rs 300 – closer to Rs 300 will be the right place to book out profits in case he wants to but continue holding it. Doesn’t hurt.

Shah: I would definitely recommend to hold on but looking at his age, 60 years, I don’t know whether he has got any other investments in the portfolio. My reason to worry is 14,000 shares. If this is the only or a few investments and a large part of that capital is allocated towards Hindustan Zinc, then my advice would be at higher levels. He is already in profits maybe close to about Rs 300-325, he can lighten up a sizeable quantity and diversify into other recommended sectors like I just mentioned a while back, because exposing large chunk of your capital to a single stock or a sector also becomes very risky.

I would say lighten up because firstly in Hindustan Zinc our targets are close to about Rs 300 or just above that, that is what I mentioned that as and when you see the price going towards that, lighten up maybe 30-40 percent-50 percent and diversify into private sector banking, FMCG, cement has corrected and that looks very attractive to us, even something like autos, M&M or Escorts would be credible candidates.

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 30, 2018 6:36 PM IST