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Mumbai: While the last year has been filled with challenges for most people, it has also taught a few important lessons on having the correct investments in place. With a raging pandemic prevalent all over the country, market experts Kunal Bothra and Senior Vice President of Geojit Financial Services, Gaurang Shah take up some of the questions asked by investors.
Advising on both technical and fundamental terms, both experts have given their views on immediate and long-term investment strategies. While technical adviser Kunal Bothra has sided with Bank of India and Dr Lal Path Labs – Gaurang Shah has spoken in favour of Godrej consumer products. Here are a few of the questions that were asked and they have given their views to help you out to decide on your stocks.
What sort of target should you look for Dr Reddy’s?
Kunal Bothra says: Pharma Stocks are going through a good rally now. Dr Reddy’s has recovered the losses that were incurred in the past couple of months. In terms of targets, experts believe that it has multiple short-term hurdles which they are trying to break out of.
What are the long-term prospects for the Bank of Baroda?
Gaurang Shah says: From the point where most public-sector banks had gone to hibernation, they have emerged as a stronger entity after policy changes and the merging of public-sector banks. Bank of Baroda happens to be one of the 3 banks to look out for right now. In this financial year, this bank is expected to move a little slower.
Granules India has had quite the run in the past year. Should you hold on to their stocks or switch to something else?
Gaurang Shah says: The investment in Granules can be switched out for some other stocks. Even though Granules India has shown a stellar performance in the market in the last 8-9 months, experts have opined that switching to other stocks would be more favourable.
Tata Motors has underperformed today as its shares went down by 5%. What should you do with your Tata Motors shares?
Gaurang Shah says: Trade for Tata Motors has been a little bit stretched today. whenever you are looking to trade in options, especially before an event, results or monthly sales numbers, it will be very tricky and risky. experts believe that the stocks will consolidate over a brief period. over the next few weeks, Tata Motors may be seen hanging around the current position due to consolidation. so rather than looking out for well-performing shares, you need to time his purchase properly.
Since Tata Elexi has performed extremely well today, should you hold on to the shares or book out your profits?
Kunal Bothra says: Holding on to a stock is the main game in this share. Now that the stock has shown growth since the last year, it is natural that it will consolidate. Shareholders should look at it as a long-term commitment in the next 3-5 years. Concerning both small caps and mid-caps, these stocks are expected to do extremely well. Experts have suggested that holding onto the shares will yield benefits.
Can you hold on to Adani Green Energy stocks till 2025? How strong is Adani green?
Gaurang Shah says: Adani Green or Adani Enterprises – the Adani Group has given quite a good performance which leads the share market experts to believe that holding on to Adani stocks may be a good idea in the long run.
Your investment choices play a huge role in determining how fast you can make money off your shares. Like our experts say, you can choose from a lot of stock options but a calculated move and informed choice is what makes a difference.