InvestorQ : Can I exit Shilpa Medicare at current prices? What about SBI Life and Indiabulls Housing? What should I do on these stocks?
rhea Babu made post

Can I exit Shilpa Medicare at current prices? What about SBI Life and Indiabulls Housing? What should I do on these stocks?

Answer
image
diksha shah answered.
8 months ago
Follow

In a nutshell you should hold to all the 3 stocks that you asked about because momentum is finally getting in favour of all these stocks. While I am not asking you to sell any of your existing positions, Shilpa is a specific beneficiary of the COVID vaccine manufacture. That is evident in the price. IBHFL will gain from the HDFC tie-up. Here is the quick update.

· Shilpa Medicare given at 460 (CMP- 441) – Hold at Averaged Price

· Indiabulls Housing Finance at Rs.248 (CMP-176) – Suggest to hold

· SBI Life at Rs.928 (CMP-914) – Suggest to hold

As is normally the practice, I am not giving fresh by calls for Friday as we would like the market to stabilize and also weekend effect on markets could get accentuated if COVID cases rise. The lockdown imposed continues to be a major event risk for the markets and that overhang will continue. COVID could determine the direction of FPI flows.

3 Views