InvestorQ : Hi Diksha, I am holding Birlasoft, EID Parry and Tata Power, what do you suggest. Also, do you have any stock picks for 30 March?
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Hi Diksha, I am holding Birlasoft, EID Parry and Tata Power, what do you suggest. Also, do you have any stock picks for 30 March?

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diksha shah answered.
9 months ago
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It was a difficult previous week in which the 10 largest cap stocks on the Nifty gave up over Rs.1 trillion in terms of market cap. In comparison, Friday offered some relief but that looked more like a case of short covering and some selective buying by domestic fund, essentially to sustain their NAVs ahead of the financial year closing on Wednesday. A clearer picture would emerge only next week, when the new fiscal starts.

Regarding the 3 stocks you spoke about, all are looking solid at these levels and this would be the wrong time to exit any of these stocks. I would suggest that you hold on to these positions for now. Of course, you can do some short term capital gains tax farming if you are sitting on notional losses, but otherwise, these positions are to be held on. Here is how.

· Birlasoft at Rs.272 (CMP-252) – Suggest hold

· EID Parry at Rs.342 (CMP-324) – Suggest to hold

· Tata Power at Rs.104 (CMP-104) – Suggest to hold

Let me now shift attention to why there are no buying ideas for today. The markets are likely to remain volatile with positive bias till the end of this fiscal so there will be no additions for next 2 days, unless something very exciting emerges. One group I have on my positive radar are the Tata group stocks, especially after the court order on Friday, but would ideally prefer to wait for better prices before entering any of these names.

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