Hi Diksha, can I book profits in Tata Consumer, DLF and Hindalco out of the stock recommended by you in the last few days?
Answer
Answer
The markets have been volatile but you can continue to remain positive till the time the VIX remains below 22 levels. In terms of specific stocks, you must focus largely on taking some money off the consumer goods where you get an opportunity.
On Wednesday I had suggested booking out of Federal Bank and Motherson Sumi at a profit. For Thursday I would suggest to take profits off Tata Consumer Products, the old Tata Global. Regarding the other two stocks you asked for, here is what I suggest.
Tata Consumer given at 520 (CMP-539) – Book Profit
Hindalco at Rs.225 (CMP-232) – Suggest to hold
DLF Ltd at Rs.189 (CMP-202) – Suggest to hold
Some of the stories like real estate and metals are just about beginning to look good and are in a secular uptrend. You can wait for some time on these stocks and I will intimate when to actually exit these counters. I see traction in DLF, Hindalco and Tube Investments for now.