Expert Advice on L&T, Tata Motors, IndusInd Bank, and More
Should you add shares of Larsen & Toubro Ltd. to your portfolio? Should you hold shares of Tata Motors Ltd. at the current market price? Have you lost the chance to buy shares of IndusInd Bank Ltd. at an attractive price? Is it the right time to buy shares of Multi Commodity Exchange Ltd.? These are some of the questions that investors have been asking, and we have the answers from top market experts.
Larsen & Toubro Ltd.
Avinash Gorakshakar, founder and head of research, Mentor Research Services, advises investors to hold shares of Larsen & Toubro Ltd. He says that the company should be a core investment in your portfolio, and the best part is that investors had entered at a reasonably good price. The numbers for quarter two have been reasonably good, and he recommends holding for the next 12 to 15 months. He believes that the risk-reward could be much better.
Kush Bohra, founder of Kushbohra.Com, also advises investors to hold shares of Larsen & Toubro Ltd. He says that there is some healthy consolidation going on in the near term perspective, and investors should hold but not expect a big upside. He believes that there will be a steady upmove but no vertical rise, and it’s more of a positional bet than a momentum bet.
Tata Motors Ltd.
Bohra advises investors not to average out and to continue holding shares of Tata Motors Ltd. with a stop loss of 39. He says that the stock has fallen from grace and was showing strength and was about to give rounding bottom formation, but this didn’t come to pass.
IndusInd Bank Ltd.
Gorakshakar advises investors to hold shares of IndusInd Bank Ltd. He says that there could be a little pain for the next couple of quarters, but the company wants to build a strong bank in the next two to three years. He believes that investors may not see a very big negative surprise in the next couple of quarters, and profit growth may take some time. He recommends holding on and averaging a little bit.
Bohra also advises investors to hold shares of IndusInd Bank Ltd. and to keep a stop loss close to Rs 101. He believes that investors could see levels of Rs 118, but it will be slow and steady.
Samvardhana Motherson Ltd.
Bohra advises investors to hold shares of Samvardhana Motherson Ltd. and to keep a deepish stop loss near Rs 120.
Multi Commodity Exchange Ltd.
Bohra advises investors to hold shares of Multi Commodity Exchange Ltd. He says that there has been a sharp correction in the stock, but there may be bottom formation. Now, there is consolidation with a positive bias coming in, and investors should hold with a stop loss of Rs 180. Once the stock heads towards Rs 255, investors should consider exiting.
Gorakshakar advises investors to avoid buying shares of Multi Commodity Exchange Ltd. for now and to wait for some time.
Conclusion
In conclusion, investors should hold shares of Larsen & Toubro Ltd., Tata Motors Ltd., IndusInd Bank Ltd., Samvardhana Motherson Ltd., and Multi Commodity Exchange Ltd. They should keep a stop loss and expect a steady upmove but no vertical rise. Investors should also avoid buying shares of Multi Commodity Exchange Ltd. for now and wait for some time.
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