InvestorQ : Hi Diksha, do you have any fresh stock ideas for Monday 05 April? Also, do you suggest me to take profits off on Balrampur and Tata Chemicals?
sara Kunju made post

Hi Diksha, do you have any fresh stock ideas for Monday 05 April? Also, do you suggest me to take profits off on Balrampur and Tata Chemicals?

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diksha shah answered.
2 weeks ago
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After a holiday curtailed week, the coming week will be a full trading week but there are more trading holidays coming up in the month of April. A major dampener in the short run could be the rising COVID cases in India and more state governments across India will be constrained to put restrictions and distancing norms. However, market enthusiasm will depend on how quickly the inoculations progress, and that could be a challenge.

Regarding your specific queries on Balrampur and Tata Chemicals, I do not see any urgency to close out these positions and we will wait for gains to build. Here is the view.

· Tata Chemicals at Rs.773 (CMP-780) – Suggest to hold

· Balarampur Chini at Rs.210 (CMP-214) – Suggest to hold

Regarding fresh buying, you would recollect that I had suggested buying Mazagon Docks on Thursday and today am adding one more stock, Mishra Dhatu Nigam Ltd or MIDHANI as it is better known as. You can buy this stock around Rs.191 for targets of Rs.235 in next 2 months. The stock is expecting record growth in sales revenues for Q4 and for the full year. It is also likely to be a major gainer of the domestic defence thrust of the government.

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