InvestorQ : Hi Diksha, I am holding a number of stocks that you had suggested like Shilpa, Manappuram, Tata Motors, Likhitha etc. What is your update on these open positions? Any fresh ideas?
Dia Deshpande made post

Hi Diksha, I am holding a number of stocks that you had suggested like Shilpa, Manappuram, Tata Motors, Likhitha etc. What is your update on these open positions? Any fresh ideas?

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diksha shah answered.
2 months ago
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You would recollect that on Tuesday, I had suggested exiting stocks like UPL, Ambuja Cements and Motherson Sumi at profits on the bounce and most have worked favourably for you. For Wednesday, you can book profit on Likhitha Infrastructure. Ideally you should get around 210 levels to exit and that would be a good level to come out. Her is a view.

Shilpa Medicare given at 460 (CMP-453) – Hold at Averaged Price

Manappuram Finance at Rs.173 (CMP-173) – Suggest to hold

BHEL at Rs.36 (CMP-40) – Suggest to hold

HPCL at Rs.220 (CMP-223) – Hold at Averaged Price

Bectors Foods at Rs.549 (CMP-477) – Average at current price

Tata Motors at Rs.183 (CMP-193) – Suggest to hold

Rain Industries at Rs.142 (CMP-145) – Suggest to hold

Likhitha Infrastructure at Rs.188 (CMP-201) – Book profits

Bajaj Auto at Rs.3515 (CMP-3491) – Suggest to hold

Burger King at Rs.171 (CMP-170) – Suggest to hold

Bectors Food finally did show some signs of taking support around the 465 levels but we will have to wait for confirmation. As we had mentioned in the past, the stock still looks a good bet and once the unwinding is done, you can look forward to Bectors picking up once again. Stay invested as downside risk is limited in the counter.

Finally, let me address your question on calls for the day. I am not suggesting adding any further positions for Wednesday. You can look to buy metal stocks but that is only on dips from current levels; and not right now. Markets are at elevated levels so focus on stocks in the FMCG and the QSR space, where we see the maximum traction. I will keep you posted.
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