InvestorQ : Hi Diksha, do you suggest I should book out of Bajaj Auto as I am making a profit? Also, I could not buy RIL and LIC Housing on Friday, can I buy on 11 Jan? Any more fresh ideas?
NISHA Nayak made post

Hi Diksha, do you suggest I should book out of Bajaj Auto as I am making a profit? Also, I could not buy RIL and LIC Housing on Friday, can I buy on 11 Jan? Any more fresh ideas?

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diksha shah answered.
6 months ago
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On Friday, I had asked to exit and book profits on Rain Industries. Today there are no exit calls with most of our positions in the market substantially wound up and hence I am not suggesting further trimming of positions. Let me talk about the specific stocks you asked.

On Bajaj Auto, you can rally hold on for some more time because the momentum is still in favour of the stock. The company reported stellar numbers for the month of December 2020 in terms of output and sales. The quarterly results for Dec-20 quarter are expected in the third week and you can take a call after that as I expect solid results this quarter.

Regarding your query on Reliance Industries and LIC Housing, both were medium terms calls so you can still accumulate. However, to be on the safer side, I would suggest that you wait out the volatility and see if you can better price. Ideally Reliance closer to 1900-1910 range would be the ideal entry point and LIC Housing around Rs.430 would be great.

For the coming week, the big driver will be the quarterly results of big names like HDFC Bank, Infosys, Wipro and HCL Tech expected to announce results during the week. IT is the big theme and hence I suggest one call on IT and another is on fertilizers.

Here are the two stocks I suggest you to buy on 11 January 2021

· You can buy Infosys at Rs.1308 levels for targets of Rs.1400 in 1-2 months. I expect strong traction on the numbers in terms of the growth, margins and also on guidance for the full year. Infy is also likely to see a sharp fall in the attrition rate.

· Come budget and fertilizers are attractive. I suggest buying FACT at Rs.76 for targets of Rs.100 in 2-3 months. But it is a lot more. The stock is going through a rerating and valuations are extremely attractive. Budget could give another boost to the stock.

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