InvestorQ : Hi Diksha, as you had suggested, I am holding Birlasoft, Bharti Airtel, DLF and EID Parry? What is your view on exiting these stocks? Also, do you have any fresh trading ideas?
Crowny Pinto made post

Hi Diksha, as you had suggested, I am holding Birlasoft, Bharti Airtel, DLF and EID Parry? What is your view on exiting these stocks? Also, do you have any fresh trading ideas?

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diksha shah answered.
2 months ago
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I told you in the previous week also that the falling VIX is a sign of an emerging positive trend in the market. It does look like the markets should stabilize and bottom at around these levels or slightly lower. From a trading perspective, you must use every opportunity to buy and churn, but the moral of the story is that you do not need to worry about a sharp correction in the markets. Regarding the four stocks, here is the quick view.

· Birlasoft at Rs.272 (CMP-246) – Suggest hold

· Bharti Airtel at Rs.546 (CMP-532) – Suggest to hold

· DLF at Rs.324 (CMP-288) – Suggest to hold

· EID Parry at Rs.342 (CMP-340) – Suggest to hold

Let me now turn to what stocks to buy. As you are aware, there are still a good number of positions open. However, I am suggesting two stock ideas for the day. Both the stocks recommended today are a play on the power sector.

a) You must look to seriously buy into the power sector story, which is showing signs of a quiet rebound. Buy Power Grid Corporation at Rs.227 for price targets of Rs.255 in 1-2 months. Power Grid is likely to be a big beneficiary of its recent acquisition deal with a unit of Jaypee Power. With the deal, the joint venture will become a subsidiary.

b) Continuing on the power sector story, I would also suggest to buy Tata Power at a price of Rs.104 for targets of Rs.140 in 2-3 months. This is a conservative target and could be larger the way the company is reinventing itself. The stock looks specifically good after its recent expansion in state of Odisha by purchasing of 51% in NESCO from GRIDCO.

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