InvestorQ : Can I book profits on Power Grid, GAIL and L&T Finance, where I am sitting on profits? Also, do you have any fresh trading buy calls for Tuesday 08 June?
Anamika Sodhani made post

Can I book profits on Power Grid, GAIL and L&T Finance, where I am sitting on profits? Also, do you have any fresh trading buy calls for Tuesday 08 June?

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diksha shah answered.
3 months ago
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For Tuesday, I am not suggesting any fresh profit booking on holdings. I agree with you that Power Grid, GAIL and L&T Finance are in profits but I would suggest you wait for more time as you could soon get a target of 16,000 on the Nifty. At higher levels, you can always stake a call on stock exits or if markets become shaky. For now, hold on as under.

· Power Grid at Rs.227 (CMP-238) – Suggest to hold

· L&T Finance Holdings at Rs.93 (CMP – 97.50) – Suggest to Hold

· GAIL Ltd at Rs.160 (CMP – 168) – Suggest to Hold

As I had mentioned earlier, the focus for now should be largely on the contact intensive sectors like QSR, hotels, retail, tourism etc, which will benefit from the RBI special funding window. I suggest buying two stocks. You can buy Indian Hotels at Rs.136 for targets of Rs.160 in 1-2 month frame. You can also buy into the Goenka group owned Spencer’s Retail at Rs.82 for targets of Rs.105 in 2-3 months.

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