Do you have any profit booking ideas for 27 November considering it is the last trading day of the week?
Answer
Answer
On 26 November we had booked out of PFC and Bandhan Bank and on Friday, I suggest to book profits in Equitas and M&M Finance. We are consciously cutting down our holding period on stocks due to high levels; more so in financials after the rally. Here is an update.
Tata Consumer given at 520 (CMP-520) – Suggest to Hold
UPL given at 480 (CMP-422) – Suggest hold at average price
Shilpa Medicare given at 501 (CMP-465) – Suggest hold at average price
Godrej Agrovet at 533 (CMP-511) – Suggest to hold
Cipla at Rs.760 (CMP-741) – Suggest to hold
Indian Oil Corp at Rs.87 (CMP-86) – Suggest to hold
Federal Bank at Rs.58 (CMP-60) – Suggest to hold
M&M Finance at Rs.154 (CMP-168) – Book Profits
Motherson Sumi at Rs.143 (CMP-144) – Suggest to hold
Equitas Ltd at Rs.63 (CMP-69) – Book Profit
Hindalco at Rs.225 (CMP-231) – Suggest to hold
DLF Ltd at Rs.189 (CMP-185) – Suggest to hold
We have been holding to some defensive FMCG and healthcare names longer than usual but that is the nature of the market. We expect these stocks to outperform as the levels get higher and valuations of the overall market get richer.