InvestorQ : Do you have any stock ideas or trading tips for 05 Jan 2021? I would prefer delivery calls for 1-2 months?
Chandralekha Desai made post

Do you have any stock ideas or trading tips for 05 Jan 2021? I would prefer delivery calls for 1-2 months?

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diksha shah answered.
5 months ago
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I have been getting a lot of questions on steel. I think that steel as a sector looks good but most steel stocks have already rallied sharply by over 100% in the last few months. The price hike will announced by steel companies recently will be positive but that story may already be in the price. I like the sector but upsides may be limited.

· The one stock I suggest you look at seriously for buying is Bajaj Auto. Despite the sharp rally, Bajaj Auto still looks underpriced at Rs.3515 and I suggest buying the stock for targets of Rs.3700. The downside risk is limited on the stock and the latest fabulous export numbers add more value to the stock. Keep buying on dips.

· Another QSR stock to accumulate is Burger King which also came out with an IPO recently and got a phenomenal response. You can accumulate Burger King at Rs.171 for targets of Rs.195 in the next 1 month time frame. It is still a company that grow profits at a rapid pace and also benefit from the post COVID home order model.

The immediate short term risk for the market will be the extended lockdowns in the UK and the EU. It is no secret that the cases have been spiralling in these centres and the rub-off effect could impact markets across the globe, including India. For India, however, the bigger issues would be FPI flows, Q3 results and the vaccine. So EU lockdown may be just sentimental.

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