InvestorQ : Can I book profits on Balrampur Chini and do you have any fresh stocks worth buying on 01 April?
Dilmini Mercia made post

Can I book profits on Balrampur Chini and do you have any fresh stocks worth buying on 01 April?

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diksha shah answered.
3 weeks ago
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Markets are expected to remain volatile on Thursday, as it is the last trading day of a truncated week. Friday is a trading holiday on account of Good Friday and markets could be wary ahead of a long weekend. Regarding your query on Balrampur, while we are profitable on the stock the sugar story looks more long term in nature. The idea is to hold for now. We will take a fresh view on these existing positions next week. Here is a quick view.

· Balarampur Chini at Rs.210 (CMP-218) – Suggest to hold

After a few days of no fresh buying, I suggest a buy on Mazagon Docks at Rs.211 as the stock has been performing in a lacklustre manner post the IPO. The stock should gain in dividend yield terms if privatization of defence companies is put off as demanded by the MOD. You can look at Mazagon Docks for upside targets of Rs.235 in 2 months, on order flows.

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