InvestorQ : Hi Diksha, do you have any stock tips for fresh buying or suggestions to exit any of the current positions in the market?
Khushi Patel made post

Hi Diksha, do you have any stock tips for fresh buying or suggestions to exit any of the current positions in the market?

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diksha shah answered.
5 months ago
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Let me talk about the open positions first. On Friday I had asked to book profits in Hindustan Petroleum, which had rallied well in the last few days. For Monday, I would suggest to hold on for any profits bookings. We will wait for a couple of days and then take a call if we need to trim any positions. For now, I don’t think any exit is really necessary.

Let me now shift to what stocks to buy in this market on 18 January. The market enters a critical week as there are a slew of important quarterly results on the way. Most of the results till date including Infy, HCL Tech and HDFC Bank have been robust and the focus will be to build on some interesting themes on these. Here are two trading ideas for the day.

· You can look to buy Piramal Enterprises for short term trade around Rs.1625 for targets of Rs.1800. You can expect a short term rally on the stock as it has been shortlisted by the Committee of Creditors to take over DHFL. The short term impact will be positive.

· One more thing you can do is to use the Friday correction to accumulate HCL Tech at Rs.985 for targets of Rs.1100 over next 1-2 months. Apart from solid growth and margins, it trades at 25-times historical earnings, which is cheap in the IT sector.

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