InvestorQ : Hi, Diksha can I book profits in HDFC Bank and Zomato, as I am in profits in both the stocks? Do you suggest buying anything fresh for 31st August?
Priyanka N made post

Hi, Diksha can I book profits in HDFC Bank and Zomato, as I am in profits in both the stocks? Do you suggest buying anything fresh for 31st August?

Answer
image
diksha shah answered.
3 months ago
Follow

Currently, out of your holdings, HDFC Bank, Zomato and Adani Ports are in profits. My suggestion is to book profits in HDFC Bank but hold on to Zomato for now as there have been a slew of rating upgrades on Zomato by global brokers. Here is a quick summary of my notes on this subject.

· Adani Ports SEZ Rs.715 (CMP – 729) – Suggest to Hold

· HDFC Bank Rs.1,520 (CMP – 1,569) – Book Profits

· Zomato Rs.123 (CMP – 123) – Suggest to Hold

Let me now turn to your query on what to buy for the day. I suggest a recently listed QSR stock, Devyani International. The stock had a good listing and is also the Indian franchisee for Pizza Hut, KFC and Costa Coffee. I would suggest buying at around the Rs.121 levels and holding on for a month for upside targets of Rs.148-150 on the upside.

4 Views