InvestorQ : Hi Diksha, can I book profits in Coal India. Also, do you recommend any fresh stocks to buy?
Dia Deshpande made post

Hi Diksha, can I book profits in Coal India. Also, do you recommend any fresh stocks to buy?

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diksha shah answered.
2 months ago
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Coal India is making good gains on the back of the recent hike in coal prices. However, the stock looks to have momentum in its favour. I suggest you hold on to the stock for now and we can look at exiting the stock above the Rs.170 levels. There could be some selling in the market on Friday being the last trading day of the week and after a sharp rally. Here is what you can do with Coal India.

· Coal India Rs.154 (CMP – 163) – Suggest to Hold

Let me now turn to your query on what to buy. Clearly, the big stories are PSU banks and telecom stocks. With the new bad bank system in place and Telecom Relief, PSU banks and telcos could see some smart buying. You can buy IOB at Rs.23 for targets of Rs.32 in 1-2 months. You can also buy Tata Communications at Rs.1,379 for targets of Rs.1,500 in one month. However, I would suggest you to be careful in Vodafone Idea as it is too speculative.
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